462 Shares in Tyler Technologies, Inc. (NYSE:TYL) Bought by Patron Partners LLC

Patron Partners LLC purchased a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 462 shares of the technology company's stock, valued at approximately $269,000.

A number of other large investors have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC purchased a new stake in shares of Tyler Technologies during the first quarter worth about $26,000. Larson Financial Group LLC raised its position in Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after purchasing an additional 31 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies in the 4th quarter worth approximately $40,000. Finally, Whipplewood Advisors LLC raised its holdings in shares of Tyler Technologies by 255.0% during the first quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company's stock valued at $41,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Up 0.7%

NYSE TYL opened at $581.50 on Friday. Tyler Technologies, Inc. has a 12 month low of $495.21 and a 12 month high of $661.31. The stock's fifty day moving average price is $567.18 and its 200-day moving average price is $581.62. The stock has a market cap of $25.07 billion, a P/E ratio of 87.58, a P/E/G ratio of 4.51 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.56 by $0.22. The company had revenue of $562.43 million for 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%. Tyler Technologies's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.20 EPS. As a group, analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity

In related news, insider John S. Marr, Jr. sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $558.86, for a total value of $2,794,300.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $3,902,519.38. This trade represents a 41.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel M. Pope sold 365 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total transaction of $200,750.00. Following the sale, the director now owns 2,853 shares of the company's stock, valued at approximately $1,569,150. This represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock valued at $15,177,230 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TYL. DA Davidson cut their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, May 13th. Wells Fargo & Company cut their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Cantor Fitzgerald began coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. Finally, Barclays lowered their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average target price of $680.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.