Parr Mcknight Wealth Management Group LLC Buys Shares of 2,084 Tyler Technologies, Inc. (NYSE:TYL)

Parr Mcknight Wealth Management Group LLC purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,084 shares of the technology company's stock, valued at approximately $1,202,000.

Several other institutional investors have also added to or reduced their stakes in TYL. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Tyler Technologies by 20.7% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock worth $24,507,000 after purchasing an additional 7,300 shares during the period. Kensington Investment Counsel LLC boosted its holdings in shares of Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after purchasing an additional 20 shares during the period. Barclays PLC boosted its holdings in shares of Tyler Technologies by 2.5% in the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after purchasing an additional 2,169 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Tyler Technologies by 148.2% in the 3rd 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 during the period. Finally, Swedbank AB boosted its holdings in shares of Tyler Technologies by 1.7% in the 4th quarter. Swedbank AB now owns 459,850 shares of the technology company's stock worth $265,168,000 after purchasing an additional 7,838 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. The trade was a 9.95% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,781 shares of company stock worth $13,848,787. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Down 0.7%

TYL stock traded down $3.91 on Thursday, hitting $569.73. 129,016 shares of the company's stock were exchanged, compared to its average volume of 260,675. Tyler Technologies, Inc. has a 12-month low of $458.50 and a 12-month high of $661.31. The firm has a 50 day moving average price of $561.59 and a two-hundred day moving average price of $587.62. 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 stock has a market cap of $24.57 billion, a P/E ratio of 94.11, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. The Goldman Sachs Group lifted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Barclays dropped their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Wall Street Zen cut Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. DA Davidson dropped their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, Robert W. Baird dropped their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $687.82.

About Tyler Technologies

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.