Citizens Financial Group Inc. RI Makes New Investment in Tyler Technologies, Inc. (NYSE:TYL)

Citizens Financial Group Inc. RI purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 353 shares of the technology company’s stock, valued at approximately $206,000.

Other institutional investors have also made changes to their positions in the company. Waldron Private Wealth LLC lifted its position in shares of Tyler Technologies by 3.5% during the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock valued at $360,000 after acquiring an additional 24 shares during the period. FWG Holdings LLC raised its stake in Tyler Technologies by 3.1% in the third quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock valued at $551,000 after purchasing an additional 27 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its position in Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock worth $295,000 after purchasing an additional 29 shares during the period. George Kaiser Family Foundation grew its stake in Tyler Technologies by 0.7% during the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after buying an additional 29 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in Tyler Technologies by 2.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock valued at $804,000 after buying an additional 31 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,461,699.50. The trade was a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Glenn A. Carter sold 3,350 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the sale, the director now directly owns 2,654 shares in the company, valued at $1,546,140.78. This trade represents a 55.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,600 shares of company stock valued at $16,412,595 over the last ninety days. 2.20% of the stock is owned by company insiders.

Tyler Technologies Trading Up 2.0 %

Shares of NYSE TYL opened at $609.09 on Friday. The firm has a 50 day moving average price of $595.22 and a two-hundred day moving average price of $551.16. The stock has a market cap of $26.07 billion, a P/E ratio of 111.15, a price-to-earnings-growth ratio of 5.41 and a beta of 0.77. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $631.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

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, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same period last year, the company earned $1.66 EPS. Tyler Technologies’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analyst Ratings Changes

TYL has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group reiterated a “buy” rating and issued a $627.00 price target on shares of Tyler Technologies in a research note on Friday, September 13th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson lifted their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, JMP Securities increased their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $642.62.

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.