Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Torray Investment Partners LLC

Torray Investment Partners LLC increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,902 shares of the technology company’s stock after acquiring an additional 25 shares during the quarter. Torray Investment Partners LLC’s holdings in Tyler Technologies were worth $6,287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TYL. Ashton Thomas Securities LLC acquired a new position in shares of Tyler Technologies during the 3rd quarter valued at about $27,000. Sierra Ocean LLC acquired a new position in shares of Tyler Technologies during the 4th quarter valued at about $32,000. Private Trust Co. NA boosted its position in shares of Tyler Technologies by 51.8% during the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after acquiring an additional 29 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Tyler Technologies during the 4th quarter valued at about $61,000. Finally, Quarry LP acquired a new position in shares of Tyler Technologies during the 3rd quarter valued at about $78,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TYL. Barclays upped their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. DA Davidson reaffirmed a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Piper Sandler upped their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group upped their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $676.25.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of the company’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 transaction of $4,144,040.00. Following the sale, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,766 shares of company stock worth $13,548,346. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Down 0.4 %

Shares of NYSE:TYL opened at $605.75 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market capitalization of $26.06 billion, a PE ratio of 99.96, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. The firm’s 50-day moving average is $598.45 and its two-hundred day moving average is $597.85. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current 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.