Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 25.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,527 shares of the technology company’s stock after acquiring an additional 713 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Tyler Technologies were worth $1,773,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Tyler Technologies by 17.3% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 698 shares of the technology company’s stock valued at $351,000 after acquiring an additional 103 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Tyler Technologies by 1.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 1,746 shares of the technology company’s stock valued at $878,000 after acquiring an additional 33 shares during the last quarter. SYSTM Wealth Solutions LLC boosted its stake in Tyler Technologies by 6.3% during the second quarter. SYSTM Wealth Solutions LLC now owns 4,579 shares of the technology company’s stock worth $2,302,000 after buying an additional 270 shares during the period. E Fund Management Co. Ltd. acquired a new stake in shares of Tyler Technologies during the second quarter valued at about $244,000. Finally, Wealth Alliance raised its stake in shares of Tyler Technologies by 4.8% in the 2nd quarter. Wealth Alliance now owns 761 shares of the technology company’s stock valued at $383,000 after acquiring an additional 35 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Down 0.4 %

Shares of Tyler Technologies stock opened at $577.80 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $598.93. The company has a market capitalization of $24.53 billion, a P/E ratio of 130.72, a P/E/G ratio of 5.42 and a beta of 0.78. The company has a 50 day moving average of $570.67 and a 200 day moving average of $498.05.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.06. The business had revenue of $540.98 million during the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.53 EPS. As a group, research analysts forecast that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

Insider Activity

In related news, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Glenn A. Carter sold 3,350 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total value of $1,951,609.50. Following the transaction, the director now directly owns 2,654 shares of the company’s stock, valued at approximately $1,546,140.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider John S. Marr, Jr. sold 5,000 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,042,738.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,375 shares of company stock worth $17,049,739. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TYL. Oppenheimer increased their price objective on shares of Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $627.00 price objective on shares of Tyler Technologies in a report on Friday, September 13th. Wells Fargo & Company raised their target price on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and set a $600.00 price target on shares of Tyler Technologies in a research note on Thursday, July 25th. Finally, Barclays increased their price target on shares of Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $582.31.

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.