Crestwood Advisors Group LLC Invests $1.81 Million in Tyler Technologies, Inc. (NYSE:TYL)

Crestwood Advisors Group LLC purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,120 shares of the technology company's stock, valued at approximately $1,814,000.

Several other hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in shares of Tyler Technologies by 2.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after buying an additional 18 shares during the period. AdvisorNet Financial Inc lifted its holdings in Tyler Technologies by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock worth $169,000 after buying an additional 19 shares during the period. Leelyn Smith LLC increased its position in shares of Tyler Technologies by 0.9% in the 1st quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company's stock valued at $1,234,000 after acquiring an additional 19 shares during the period. Benjamin Edwards Inc. boosted its holdings in Tyler Technologies by 1.5% in 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 during the last quarter. Finally, MV Capital Management Inc. lifted its stake in Tyler Technologies by 42.9% in the 1st quarter. MV Capital Management Inc. now owns 80 shares of the technology company's stock valued at $47,000 after buying an additional 24 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on TYL. Robert W. Baird cut their price target on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Wells Fargo & Company cut their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler decreased their target price on shares of 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 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 restated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Tyler Technologies has an average rating of "Moderate Buy" and an average target price of $680.50.

Tyler Technologies Trading Down 0.6%

TYL stock opened at $560.78 on Tuesday. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31. The company's 50 day moving average is $575.15 and its 200 day moving average is $579.00. The stock has a market cap of $24.18 billion, a price-to-earnings ratio of 84.45, a price-to-earnings-growth ratio of 4.41 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 business had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The company's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.20 earnings per share. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 5,000 shares of the company'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 transaction of $2,794,300.00. Following the sale, the insider directly owned 6,983 shares of the company's stock, valued at $3,902,519.38. This represents a 41.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total value of $3,072,195.00. Following the sale, the chief executive officer directly 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 disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $15,177,230 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

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.

Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL - Free Report).

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.