Motley Fool Asset Management LLC Raises Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Motley Fool Asset Management LLC boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,677 shares of the technology company’s stock after buying an additional 279 shares during the period. Motley Fool Asset Management LLC’s holdings in Tyler Technologies were worth $11,965,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new position in shares of Tyler Technologies in the 2nd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new position in shares of Tyler Technologies during the third quarter worth $27,000. Blue Trust Inc. lifted its holdings in shares of Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Tyler Technologies during the 2nd quarter worth $61,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Tyler Technologies by 51.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 124 shares of the technology company’s stock valued at $62,000 after acquiring an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.5 %

Tyler Technologies stock opened at $622.62 on Wednesday. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $637.53. The stock has a market capitalization of $26.65 billion, a PE ratio of 113.62, a price-to-earnings-growth ratio of 5.66 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50 day simple moving average of $601.74 and a 200-day simple moving average of $559.18.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same quarter last year, the business earned $1.66 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. JMP Securities upped their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. Robert W. Baird lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Barclays upped their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC raised their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, DA Davidson lifted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $642.62.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $43,246,500. This represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 40,350 shares of company stock valued at $24,361,172 over the last quarter. 1.50% of the stock is currently owned by insiders.

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.