725 Shares in Tyler Technologies, Inc. (NYSE:TYL) Purchased by Canton Hathaway LLC

Canton Hathaway LLC acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 725 shares of the technology company's stock, valued at approximately $422,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after buying an additional 31 shares during the period. Retirement Wealth Solutions LLC purchased a new position in Tyler Technologies in the 1st quarter worth approximately $26,000. Brown Brothers Harriman & Co. raised 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 acquiring an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies during the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management purchased a new stake in Tyler Technologies during the 4th quarter valued at $41,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Price Performance

NYSE TYL traded up $9.48 during trading hours on Tuesday, reaching $589.55. The company's stock had a trading volume of 249,923 shares, compared to its average volume of 262,380. The firm has a market capitalization of $25.42 billion, a price-to-earnings ratio of 73.99, a P/E/G ratio of 4.53 and a beta of 0.84. Tyler Technologies, Inc. has a 1-year low of $484.05 and a 1-year high of $661.31. The company's 50-day moving average is $566.32 and its two-hundred day moving average is $582.11.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The company had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. During the same period in the previous year, the business earned $2.20 EPS. Tyler Technologies's quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Activity

In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $558.86, for a total transaction of $2,794,300.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $3,902,519.38. This represents a 41.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction on 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 now owns 81,775 shares in the company, valued at approximately $47,853,094.50. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock worth $15,177,230 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TYL. 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. DA Davidson reduced their price target on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Piper Sandler reduced their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Cantor Fitzgerald began coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target for the company. Finally, Robert W. Baird reduced their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus 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.