Tyler Technologies, Inc. (NYSE:TYL) Stock Position Raised by General American Investors Co. Inc.

General American Investors Co. Inc. lifted its position in Tyler Technologies, Inc. (NYSE:TYL) by 13.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,381 shares of the technology company’s stock after buying an additional 5,000 shares during the quarter. Tyler Technologies comprises 1.4% of General American Investors Co. Inc.’s investment portfolio, making the stock its 19th largest holding. General American Investors Co. Inc. owned 0.10% of Tyler Technologies worth $20,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TYL. Waldron Private Wealth LLC boosted its stake in shares of Tyler Technologies by 3.5% during the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock worth $360,000 after acquiring an additional 24 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its position in Tyler Technologies by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock worth $295,000 after buying an additional 29 shares during the period. George Kaiser Family Foundation grew its stake in shares of Tyler Technologies by 0.7% in the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after acquiring an additional 29 shares during the last quarter. GW&K Investment Management LLC raised its stake in Tyler Technologies by 0.3% during the 4th 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. Finally, Avantax Advisory Services Inc. increased its holdings in shares of Tyler Technologies by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock worth $280,000 after purchasing an additional 33 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total value of $1,467,425.00. Following the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,014,291.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $4,042,738.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total value of $1,467,425.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,014,291.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,825 shares of company stock valued at $9,643,553. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TYL. Loop Capital lifted their target price on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. JMP Securities upped their target price on Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research note on Monday, July 22nd. Barclays lifted their price target on shares of Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Piper Sandler increased their price objective on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $600.00 price objective on shares of Tyler Technologies in a report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $582.31.

Tyler Technologies Stock Performance

TYL stock opened at $581.16 on Friday. The company has a 50 day moving average price of $556.07 and a 200 day moving average price of $487.33. The stock has a market capitalization of $24.67 billion, a PE ratio of 131.48, a price-to-earnings-growth ratio of 5.44 and a beta of 0.78. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $593.50. 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 (NYSE:TYL) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. During the same period last year, the company earned $1.53 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Analysts forecast that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

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.