Czech National Bank Raises Position in Tyler Technologies, Inc. (NYSE:TYL)

Czech National Bank grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,090 shares of the technology company’s stock after acquiring an additional 679 shares during the period. Czech National Bank’s holdings in Tyler Technologies were worth $4,067,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. SG Americas Securities LLC grew its stake in Tyler Technologies by 18.3% during the 2nd quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company’s stock worth $4,081,000 after purchasing an additional 1,255 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Tyler Technologies by 17.9% in the 2nd quarter. QRG Capital Management Inc. now owns 776 shares of the technology company’s stock valued at $390,000 after buying an additional 118 shares during the period. Norway Savings Bank boosted its stake in shares of Tyler Technologies by 1.2% in the 2nd quarter. Norway Savings Bank now owns 4,176 shares of the technology company’s stock valued at $2,100,000 after buying an additional 51 shares during the period. Cadent Capital Advisors LLC grew its position in shares of Tyler Technologies by 22.8% during the second quarter. Cadent Capital Advisors LLC now owns 603 shares of the technology company’s stock worth $303,000 after buying an additional 112 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Tyler Technologies by 7.0% during the second quarter. Park Avenue Securities LLC now owns 4,170 shares of the technology company’s stock worth $2,097,000 after buying an additional 273 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE TYL traded up $0.41 on Monday, reaching $575.64. The stock had a trading volume of 42,759 shares, compared to its average volume of 225,758. The stock has a market cap of $24.44 billion, a P/E ratio of 129.76, a price-to-earnings-growth ratio of 5.26 and a beta of 0.76. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $593.50. The business’s 50-day moving average price is $516.44 and its 200 day moving average price is $467.42. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. The business had revenue of $540.98 million for the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 EPS. As a group, equities analysts expect that Tyler Technologies, Inc. will post 7.23 earnings per share for the current year.

Insider Activity

In other news, Director Daniel M. Pope sold 520 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total transaction of $255,413.60. Following the completion of the sale, the director now owns 3,493 shares in the company, valued at $1,715,691.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $6,787,122. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel M. Pope sold 520 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total value of $255,413.60. Following the completion of the transaction, the director now owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,845 shares of company stock valued at $11,328,042. Insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TYL shares. Needham & Company LLC reiterated a “buy” rating and issued a $600.00 price target on shares of Tyler Technologies in a research note on Thursday, July 25th. Piper Sandler lifted their price objective on shares of Tyler Technologies from $529.00 to $625.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. BTIG Research increased their target price on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a report on Friday, July 26th. Robert W. Baird lifted their price target on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company upped their price objective on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $582.31.

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.