Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 271.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,504 shares of the technology company’s stock after purchasing an additional 1,099 shares during the period. Benjamin Edwards Inc.’s holdings in Tyler Technologies were worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at about $27,000. Independence Bank of Kentucky acquired a new stake in Tyler Technologies during the second quarter worth about $25,000. Blue Trust Inc. raised its position in Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after acquiring an additional 56 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Tyler Technologies in the second quarter valued at approximately $61,000. Finally, Tobam purchased a new stake in Tyler Technologies in the 3rd quarter worth approximately $78,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 3,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,202,504. This trade represents a 20.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total value of $3,801,300.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,424,079.65. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 45,500 shares of company stock worth $27,790,888. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TYL has been the subject of several recent research reports. JMP Securities lifted their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday. Piper Sandler increased their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays lifted their price target on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Robert W. Baird increased their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $642.62.

Tyler Technologies Stock Performance

NYSE TYL opened at $623.15 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $638.56. The company has a market cap of $26.67 billion, a PE ratio of 113.71, a price-to-earnings-growth ratio of 5.64 and a beta of 0.76. The stock’s 50 day simple moving average is $604.80 and its 200-day simple moving average is $561.11.

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

Tyler Technologies Company 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.