Choreo LLC Raises Position in Tyler Technologies, Inc. (NYSE:TYL)

Choreo LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 647 shares of the technology company’s stock after buying an additional 24 shares during the quarter. Choreo LLC’s holdings in Tyler Technologies were worth $374,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TYL. Geode Capital Management LLC increased its position in shares of Tyler Technologies by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock worth $645,585,000 after acquiring an additional 24,284 shares during the last quarter. Franklin Resources Inc. grew its holdings in Tyler Technologies by 2.0% during the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock worth $547,354,000 after acquiring an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Tyler Technologies by 4.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock worth $527,785,000 after purchasing an additional 36,066 shares during the period. JPMorgan Chase & Co. raised its stake in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after purchasing an additional 275,511 shares during the period. Finally, Swedbank AB lifted its position in Tyler Technologies by 1.7% in the 4th quarter. Swedbank AB now owns 459,850 shares of the technology company’s stock worth $265,168,000 after buying an additional 7,838 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 0.3 %

Shares of NYSE:TYL opened at $611.01 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $26.15 billion, a price-to-earnings ratio of 111.50, a P/E/G ratio of 4.78 and a beta of 0.78. The company has a 50 day moving average of $595.47 and a 200-day moving average of $593.32. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on TYL. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Robert W. Baird increased their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial reiterated a “buy” rating and issued a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $645.69.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of Tyler Technologies stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $47,355,750. The trade was a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,502 shares of company stock worth $18,941,368. 2.20% of the stock is owned by corporate insiders.

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.