Deutsche Bank AG lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,853 shares of the technology company's stock after purchasing an additional 8,977 shares during the quarter. Deutsche Bank AG owned 0.39% of Tyler Technologies worth $98,751,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Tyler Technologies during the 1st quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC grew its holdings in shares of Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after purchasing an additional 41 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after purchasing an additional 42 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies during the 4th quarter worth $40,000. Finally, Whipplewood Advisors LLC grew its holdings in shares of Tyler Technologies by 255.0% during the 1st quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company's stock worth $41,000 after purchasing an additional 51 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Tyler Technologies
In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $580.77, for a total transaction of $3,049,042.50. Following the completion of the transaction, the chief executive officer directly owned 81,775 shares in the company, valued at $47,492,466.75. This trade represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the transaction, the insider owned 247 shares of the company's stock, valued at $141,679.20. This trade represents a 60.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,352 shares of company stock valued at $14,655,376 over the last ninety days. Insiders own 1.10% of the company's stock.
Tyler Technologies Stock Performance
TYL stock opened at $593.99 on Monday. The company has a fifty day moving average price of $576.89 and a 200-day moving average price of $579.26. The company has a market capitalization of $25.70 billion, a P/E ratio of 84.86, a PEG ratio of 4.56 and a beta of 0.85. 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 released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The firm had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a net margin of 13.66% and a return on equity of 10.34%. The company's revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.40 earnings per share. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.
Analyst Ratings Changes
TYL has been the topic of several analyst reports. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Piper Sandler reduced their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Cantor Fitzgerald started coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective on the stock. DA Davidson set a $585.00 price objective on Tyler Technologies and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Finally, Barclays raised their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $688.27.
Check Out Our Latest Analysis on TYL
Tyler Technologies Company Profile
(
Free Report)
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.
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