PUREfi Wealth LLC Purchases New Shares in Tyler Technologies, Inc. (NYSE:TYL)

PUREfi Wealth LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 520 shares of the technology company’s stock, valued at approximately $300,000.

A number of other institutional investors have also made changes to their positions in the business. Ashton Thomas Securities LLC acquired a new stake in Tyler Technologies in the third quarter worth about $27,000. Quarry LP acquired a new stake in Tyler Technologies in the third quarter worth about $78,000. MassMutual Private Wealth & Trust FSB increased its position in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after purchasing an additional 21 shares during the period. Brooklyn Investment Group acquired a new stake in Tyler Technologies in the third quarter worth about $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Tyler Technologies in the third quarter worth about $82,000. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the sale, the chief financial officer now owns 11,918 shares in the company, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. The trade was a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,502 shares of company stock worth $18,941,368. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Piper Sandler boosted their target price on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday. Oppenheimer boosted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Truist Financial restated a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $656.92.

Tyler Technologies Price Performance

Shares of TYL opened at $642.39 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day simple moving average of $596.21 and a 200 day simple moving average of $594.15. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The firm has a market capitalization of $27.49 billion, a PE ratio of 117.22, a P/E/G ratio of 4.78 and a beta of 0.78.

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

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.