Amalgamated Bank Boosts Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Amalgamated Bank lifted its position in Tyler Technologies, Inc. (NYSE:TYL) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,911 shares of the technology company’s stock after purchasing an additional 35 shares during the quarter. Amalgamated Bank’s holdings in Tyler Technologies were worth $5,138,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Tyler Technologies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock worth $645,585,000 after buying an additional 24,284 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Tyler Technologies by 2.0% in the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock worth $547,354,000 after acquiring an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Tyler Technologies by 4.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock worth $527,785,000 after purchasing an additional 36,066 shares during the last quarter. Van ECK Associates Corp lifted its position in Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock valued at $317,486,000 after purchasing an additional 524,259 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after purchasing an additional 275,511 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were 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 of the company’s stock, valued at approximately $4,424,079.65. This trade represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the sale, the chief financial officer now directly owns 12,198 shares of the company’s stock, valued at approximately $7,709,257.98. This represents a 17.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,252 shares of company stock valued at $9,525,365 in the last 90 days. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

TYL has been the subject of a number of recent research reports. Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Barclays lifted their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. DA Davidson restated a “neutral” rating and issued a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Finally, StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Four investment 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 currently has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Trading Down 1.8 %

TYL stock opened at $605.16 on Friday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The business’s 50-day moving average is $598.17 and its 200 day moving average is $597.36. 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 stock has a market cap of $26.03 billion, a price-to-earnings ratio of 99.86, a PEG ratio of 4.93 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal 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.