Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its holdings in Tyler Technologies, acquiring an additional 1,567 shares and now holds a total of 3,504 shares valued at approximately $2.04 million.
• Tyler Technologies recently reported a quarterly EPS of $2.91, surpassing estimates, with a revenue of $584.01 million, which shows a year-over-year revenue increase of 10.2%.
• Analysts have recently adjusted their price targets for Tyler Technologies, with a consensus rating of "Moderate Buy" and a target price of $686.91.

Arkadios Wealth Advisors boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 80.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,504 shares of the technology company's stock after buying an additional 1,567 shares during the quarter. Arkadios Wealth Advisors' holdings in Tyler Technologies were worth $2,037,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Tyler Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock worth $654,406,000 after acquiring an additional 27,826 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Tyler Technologies by 6.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock worth $580,766,000 after buying an additional 59,554 shares during the last quarter. GAMMA Investing LLC grew its stake in Tyler Technologies by 57,694.7% during the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after buying an additional 876,960 shares during the last quarter. Northern Trust Corp grew its stake in Tyler Technologies by 13.9% during the 4th quarter. Northern Trust Corp now owns 497,367 shares of the technology company's stock worth $286,802,000 after buying an additional 60,654 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Tyler Technologies by 52.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,449 shares of the technology company's stock worth $163,448,000 after buying an additional 97,718 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $585.18, for a total value of $3,072,195.00. Following the completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at $47,853,094.50. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 1,200 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $580.72, for a total transaction of $696,864.00. Following the completion of the sale, the chief financial officer owned 13,772 shares in the company, valued at $7,997,675.84. This represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,135 shares of company stock valued at $14,976,480. 1.10% of the stock is owned by company insiders.

Tyler Technologies Stock Down 0.1%

Shares of NYSE TYL traded down $0.67 during midday trading on Friday, hitting $583.89. The company had a trading volume of 594,905 shares, compared to its average volume of 342,914. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The business has a 50-day simple moving average of $573.84 and a two-hundred day simple moving average of $578.44. The firm has a market capitalization of $25.26 billion, a price-to-earnings ratio of 83.41, a price-to-earnings-growth ratio of 4.54 and a beta of 0.85.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The firm had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. During the same quarter last year, the business earned $2.40 earnings per share. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TYL. Wall Street Zen cut Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 13th. Piper Sandler dropped their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. DA Davidson dropped their price target on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Barclays boosted their price target on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $686.91.

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.