Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 37.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,968 shares of the technology company’s stock after buying an additional 3,241 shares during the period. Commonwealth Equity Services LLC’s holdings in Tyler Technologies were worth $6,901,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Tyler Technologies by 15.3% in the 3rd quarter. Empowered Funds LLC now owns 2,321 shares of the technology company’s stock worth $1,355,000 after purchasing an additional 308 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Tyler Technologies in the 3rd quarter worth approximately $569,000. PNC Financial Services Group Inc. lifted its holdings in shares of Tyler Technologies by 10.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the technology company’s stock worth $6,053,000 after purchasing an additional 993 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Tyler Technologies by 2.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 11,311 shares of the technology company’s stock worth $6,602,000 after purchasing an additional 232 shares during the last quarter. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Tyler Technologies in the 3rd quarter worth approximately $206,000. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. The trade was a 9.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock worth $8,688,030 in the last three months. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $568.19 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $24.44 billion, a price-to-earnings ratio of 93.76, a PEG ratio of 4.93 and a beta of 0.80. The stock’s fifty day simple moving average is $598.75 and its 200 day simple moving average is $597.96. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its 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%. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Piper Sandler lifted their target price on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, Truist Financial reaffirmed a “buy” rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $676.25.

Tyler Technologies 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.