Vanguard Group Inc. Buys 62,420 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Vanguard Group Inc. raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,310,401 shares of the technology company’s stock after purchasing an additional 62,420 shares during the period. Vanguard Group Inc. owned 0.12% of Tyler Technologies worth $3,062,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in TYL. Van ECK Associates Corp grew its position in shares of Tyler Technologies by 1,991.8% in the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock worth $317,486,000 after buying an additional 524,259 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Tyler Technologies in the fourth quarter worth $159,947,000. JPMorgan Chase & Co. increased its position in shares of Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after purchasing an additional 275,511 shares in the last quarter. Seilern Investment Management Ltd purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at $105,549,000. Finally, Wealthfront Advisers LLC boosted its position in shares of Tyler Technologies by 8,973.6% in the 4th quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company’s stock worth $89,052,000 after purchasing an additional 152,731 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Trading Up 1.1 %

Tyler Technologies stock opened at $580.89 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market cap of $25.04 billion, a PE ratio of 95.86, a P/E/G ratio of 4.93 and a beta of 0.80. The stock’s 50 day simple moving average is $599.38 and its two-hundred day simple moving average is $597.96. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares in the company, valued at $8,606,073.08. This trade represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

TYL has been the topic of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. The Goldman Sachs Group increased their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. DA Davidson reissued a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $676.25.

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.