Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,123 shares of the technology company’s stock after acquiring an additional 54 shares during the period. Bleakley Financial Group LLC’s holdings in Tyler Technologies were worth $1,239,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Swedbank AB bought a new stake in shares of Tyler Technologies in the 2nd quarter valued at approximately $251,390,000. Janus Henderson Group PLC boosted its position in shares of Tyler Technologies by 15.3% in the first quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after acquiring an additional 70,801 shares during the period. Quantum Capital Management LLC NJ raised its stake in shares of Tyler Technologies by 179.4% in the first quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company’s stock valued at $45,799,000 after purchasing an additional 69,189 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Tyler Technologies by 18.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock valued at $180,622,000 after purchasing an additional 65,814 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Tyler Technologies by 6.3% in the first quarter. Van ECK Associates Corp now owns 922,942 shares of the technology company’s stock valued at $392,259,000 after purchasing an additional 54,926 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,042,738.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total value of $3,603,062.50. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at $43,236,750. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,375 shares of company stock worth $17,049,739. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a research note on Friday, September 13th. Evercore ISI upgraded Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Barclays upgraded Tyler Technologies from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $577.00 to $700.00 in a report on Monday, October 7th. Wells Fargo & Company raised their target price on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Oppenheimer raised their price target on Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $593.69.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $588.43 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19. The company has a market cap of $24.98 billion, a PE ratio of 133.13, a price-to-earnings-growth ratio of 5.55 and a beta of 0.78. The company has a 50 day moving average of $583.57 and a 200-day moving average of $521.95. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $606.93.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.06. The company had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.53 EPS. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.