GAMMA Investing LLC Buys 409 Shares of Tyler Technologies, Inc. (NYSE:TYL)

GAMMA Investing LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 36.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,520 shares of the technology company’s stock after purchasing an additional 409 shares during the quarter. GAMMA Investing LLC’s holdings in Tyler Technologies were worth $876,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of TYL. JPMorgan Chase & Co. grew its holdings in shares of Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after buying an additional 275,511 shares during the last quarter. Franklin Resources Inc. boosted its stake in Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock valued at $547,354,000 after purchasing an additional 17,943 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Tyler Technologies by 11.2% in the 3rd quarter. Tidal Investments LLC now owns 2,412 shares of the technology company’s stock worth $1,408,000 after purchasing an additional 243 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Tyler Technologies in the third quarter worth $651,000. Finally, Sanctuary Advisors LLC lifted its holdings in shares of Tyler Technologies by 411.0% during the third quarter. Sanctuary Advisors LLC now owns 13,716 shares of the technology company’s stock valued at $8,354,000 after purchasing an additional 11,032 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TYL has been the subject of a number of recent analyst reports. Piper Sandler upped their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Needham & Company LLC raised their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. Barclays lifted their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, DA Davidson increased their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $642.62.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the transaction, the chief financial officer now directly owns 12,198 shares in the company, valued at approximately $7,709,257.98. This represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock valued at $26,096,928 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Trading Up 1.7 %

Tyler Technologies stock opened at $584.17 on Friday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The firm has a market capitalization of $25.00 billion, a price-to-earnings ratio of 106.60, a P/E/G ratio of 5.54 and a beta of 0.76. The firm has a 50 day moving average of $608.52 and a 200 day moving average of $578.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. During the same period in the prior year, the company posted $1.66 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

About Tyler Technologies

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.