Brown Advisory Inc. Raises Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Brown Advisory Inc. lifted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 408.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,093 shares of the technology company's stock after purchasing an additional 12,127 shares during the quarter. Brown Advisory Inc.'s holdings in Tyler Technologies were worth $8,775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of TYL. Norges Bank purchased a new position in shares of Tyler Technologies in the 4th quarter worth about $528,465,000. GAMMA Investing LLC raised its position in shares of Tyler Technologies by 57,694.7% in the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after purchasing an additional 876,960 shares during the last quarter. Marshall Wace LLP increased its holdings in Tyler Technologies by 897.6% in the 4th quarter. Marshall Wace LLP now owns 112,210 shares of the technology company's stock worth $64,705,000 after buying an additional 100,962 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Tyler Technologies by 52.6% in 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 in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Tyler Technologies by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after buying an additional 71,869 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

TYL has been the subject of several research analyst reports. Cantor Fitzgerald initiated coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective for the company. Wells Fargo & Company reduced their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Barclays reduced their price objective 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 downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Robert W. Baird cut their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Five equities research 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, the company currently has an average rating of "Moderate Buy" and an average target price of $680.50.

Insiders Place Their Bets

In related news, insider John S. Marr, Jr. sold 5,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $558.86, for a total value of $2,794,300.00. Following the transaction, the insider directly owned 6,983 shares of the company's stock, valued at approximately $3,902,519.38. The trade was a 41.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 3,333 shares of the business'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 value of $1,894,677.18. Following the completion of the transaction, the chief financial officer directly owned 11,231 shares in the company, valued at approximately $6,384,374.26. This represents a 22.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock valued at $15,177,230 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded down $8.35 during mid-day trading on Friday, reaching $551.56. 243,002 shares of the company traded hands, compared to its average volume of 266,275. The company's 50 day moving average price is $574.81 and its 200-day moving average price is $579.74. The firm has a market cap of $23.78 billion, a PE ratio of 83.07, a PEG ratio of 4.31 and a beta of 0.84. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31.

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, beating analysts' consensus estimates of $2.56 by $0.22. The company had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The firm's revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.20 EPS. On average, research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal 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.