Cetera Investment Advisers Has $6.35 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Cetera Investment Advisers lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,003 shares of the technology company's stock after buying an additional 602 shares during the quarter. Cetera Investment Advisers' holdings in Tyler Technologies were worth $6,345,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Barclays PLC increased its position in Tyler Technologies by 2.5% during the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after acquiring an additional 2,169 shares during the period. JPMorgan Chase & Co. increased its position in 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 acquiring an additional 275,511 shares during the period. Czech National Bank increased its position in Tyler Technologies by 6.8% during the fourth quarter. Czech National Bank now owns 9,280 shares of the technology company's stock worth $5,351,000 after acquiring an additional 588 shares during the period. Fiduciary Alliance LLC bought a new position in Tyler Technologies during the fourth quarter worth about $1,594,000. Finally, Oak Thistle LLC increased its position in Tyler Technologies by 213.7% during the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company's stock worth $1,342,000 after acquiring an additional 1,586 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Stock Up 0.9%

NYSE:TYL opened at $565.31 on Tuesday. The firm's 50 day simple moving average is $562.22 and its 200 day simple moving average is $590.53. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a one year low of $458.50 and a one year high of $661.31. The company has a market cap of $24.38 billion, a PE ratio of 93.29, a P/E/G ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. During the same period last year, the company earned $2.20 EPS. The firm's revenue was up 10.3% compared to the same quarter last year. On average, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,462 shares of company stock worth $9,464,626. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on TYL. StockNews.com raised shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Piper Sandler decreased their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Truist Financial reissued a "buy" rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Barclays decreased their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $674.67.

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.

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