Cerity Partners LLC Has $2.25 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Cerity Partners LLC raised its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 60.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,847 shares of the technology company’s stock after acquiring an additional 1,451 shares during the period. Cerity Partners LLC’s holdings in Tyler Technologies were worth $2,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Swedbank AB bought a new position in shares of Tyler Technologies during the 2nd quarter valued at about $251,390,000. International Assets Investment Management LLC raised its holdings in Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after buying an additional 307,498 shares during the period. Westwind Capital lifted its stake in Tyler Technologies by 7,614.0% in the third quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock valued at $27,062,000 after buying an additional 45,760 shares in the last quarter. LMR Partners LLP acquired a new position in shares of Tyler Technologies in the third quarter valued at approximately $23,383,000. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Tyler Technologies by 626.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 42,450 shares of the technology company’s stock worth $24,779,000 after acquiring an additional 36,605 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TYL has been the topic of several research reports. Piper Sandler boosted their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. JMP Securities boosted their price target on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a report on Thursday. The Goldman Sachs Group restated a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. Finally, Needham & Company LLC upped their price target on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Price Performance

Shares of TYL opened at $629.17 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $600.16 and its 200 day simple moving average is $557.28. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $637.53. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 114.81, a PEG ratio of 5.70 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same period in the prior year, the firm earned $1.66 EPS. Tyler Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, research analysts forecast that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Insider Activity

In other news, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $44,323,500. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,100 shares of company stock valued at $22,309,090 over the last three months. Insiders own 2.20% of the company’s stock.

Tyler Technologies 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.