3,850 Shares in Tyler Technologies, Inc. (NYSE:TYL) Acquired by Gibraltar Capital Management Inc.

Gibraltar Capital Management Inc. acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,850 shares of the technology company's stock, valued at approximately $2,238,000.

A number of other institutional investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its position in shares of Tyler Technologies by 2.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after purchasing an additional 18 shares in the last quarter. AdvisorNet Financial Inc grew its position in shares of Tyler Technologies by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock valued at $169,000 after purchasing an additional 19 shares in the last quarter. Kensington Investment Counsel LLC grew its position in shares of Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after purchasing an additional 20 shares in the last quarter. Benjamin Edwards Inc. grew its position in shares of Tyler Technologies by 1.5% during the fourth quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock valued at $880,000 after purchasing an additional 22 shares in the last quarter. Finally, MV Capital Management Inc. grew its position in shares of Tyler Technologies by 42.9% during the first quarter. MV Capital Management Inc. now owns 80 shares of the technology company's stock valued at $47,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of 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 downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Wells Fargo & Company lowered their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Cantor Fitzgerald assumed coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $680.50.

Insider Activity at Tyler Technologies

In other news, Director Brenda A. Cline sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $577.41, for a total transaction of $1,443,525.00. Following the transaction, the director directly owned 2,519 shares of the company's stock, valued at approximately $1,454,495.79. This trade represents a 49.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 3,333 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $568.46, for a total transaction of $1,894,677.18. Following the transaction, the chief financial officer directly owned 11,231 shares in the company, valued at approximately $6,384,374.26. This trade represents a 22.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 26,500 shares of company stock valued at $15,177,230. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Performance

NYSE TYL traded down $17.69 during trading on Thursday, hitting $561.29. The stock had a trading volume of 405,399 shares, compared to its average volume of 265,717. The stock has a market capitalization of $24.20 billion, a price-to-earnings ratio of 84.53, a P/E/G ratio of 4.57 and a beta of 0.84. Tyler Technologies, Inc. has a one year low of $503.54 and a one year high of $661.31. The stock has a 50 day simple moving average of $574.37 and a 200 day simple moving average of $580.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.22. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a net margin of 13.23% and a return on equity of 10.29%. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.20 earnings per share. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current 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.