SG Americas Securities LLC Buys 1,255 Shares of Tyler Technologies, Inc. (NYSE:TYL)

SG Americas Securities LLC raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 18.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,117 shares of the technology company’s stock after purchasing an additional 1,255 shares during the quarter. SG Americas Securities LLC’s holdings in Tyler Technologies were worth $4,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Industrial Alliance Investment Management Inc. lifted its position in Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after purchasing an additional 29 shares during the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors lifted its position in Tyler Technologies by 0.8% during the fourth quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock valued at $1,639,000 after purchasing an additional 30 shares during the last quarter. GW&K Investment Management LLC lifted its position in Tyler Technologies by 0.3% during the fourth quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock valued at $5,035,000 after purchasing an additional 31 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in Tyler Technologies by 5.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock valued at $280,000 after purchasing an additional 33 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Tyler Technologies by 3.3% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock worth $444,000 after acquiring an additional 33 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $43,236,750. The disclosure for this sale can be found here. Insiders have sold 15,845 shares of company stock valued at $8,428,782 in the last three months. 2.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TYL shares. JMP Securities boosted their price objective on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. Loop Capital boosted their price objective on shares of Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a report on Friday, July 26th. The Goldman Sachs Group boosted their price objective on shares of Tyler Technologies from $515.00 to $627.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Wells Fargo & Company boosted their price objective on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $582.31.

Tyler Technologies Stock Up 0.8 %

NYSE:TYL opened at $579.76 on Tuesday. The firm’s 50-day moving average price is $518.55 and its 200-day moving average price is $468.48. The company has a market capitalization of $24.61 billion, a PE ratio of 131.17, a P/E/G ratio of 5.26 and a beta of 0.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $593.50.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. The firm had revenue of $540.98 million for the quarter, compared to the consensus estimate 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 was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 EPS. On average, equities analysts predict that Tyler Technologies, Inc. will post 7.23 EPS for the current fiscal 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.