Tyler Technologies, Inc. (NYSE:TYL) Stock Position Raised by Metis Global Partners LLC

Metis Global Partners LLC increased its position in Tyler Technologies, Inc. (NYSE:TYL) by 4.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,773 shares of the technology company’s stock after purchasing an additional 78 shares during the period. Metis Global Partners LLC’s holdings in Tyler Technologies were worth $1,022,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TYL. Ashton Thomas Securities LLC purchased a new stake in shares of Tyler Technologies in the third quarter valued at $27,000. Sierra Ocean LLC acquired a new position in Tyler Technologies during the fourth quarter valued at $32,000. Private Trust Co. NA lifted its stake in Tyler Technologies by 51.8% in the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock worth $49,000 after acquiring an additional 29 shares in the last quarter. Quarry LP acquired a new stake in Tyler Technologies during the 3rd quarter worth about $78,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after acquiring an additional 21 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

TYL opened at $619.15 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The company has a market cap of $26.63 billion, a PE ratio of 102.17, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. The stock has a 50-day moving average of $598.68 and a 200-day moving average of $598.02. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its 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%. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the transaction, the chief financial officer now owns 11,918 shares of the company’s stock, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TYL shares. Piper Sandler increased their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Truist Financial reiterated a “buy” rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. DA Davidson reissued a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, Barclays lifted their price objective on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus 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.