Parkside Financial Bank & Trust Increases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Parkside Financial Bank & Trust lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 832 shares of the technology company’s stock after purchasing an additional 50 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Tyler Technologies were worth $348,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Tyler Technologies in the 4th quarter valued at $31,000. Lindbrook Capital LLC grew its holdings in Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after buying an additional 39 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Tyler Technologies during the 4th quarter worth about $52,000. Column Capital Advisors LLC raised its position in shares of Tyler Technologies by 50.5% during the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock valued at $56,000 after acquiring an additional 49 shares in the last quarter. Finally, Headinvest LLC acquired a new position in Tyler Technologies in the 3rd quarter worth about $78,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.6 %

Shares of TYL stock traded down $2.35 during midday trading on Wednesday, reaching $416.09. 87,870 shares of the stock were exchanged, compared to its average volume of 204,368. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The firm has a market cap of $17.66 billion, a PE ratio of 107.50, a price-to-earnings-growth ratio of 4.05 and a beta of 0.81. The company’s 50 day moving average is $422.97 and its two-hundred day moving average is $414.28. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $454.74.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The firm had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. On average, equities research analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,639,250. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total value of $4,359,800.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $32,698,500. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock worth $21,974,819 over the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

TYL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. JMP Securities reiterated a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, February 16th. DA Davidson lifted their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Needham & Company LLC lifted their price objective on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Piper Sandler boosted their target price on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $460.46.

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.