Focus Partners Advisor Solutions LLC Purchases New Position in Tyler Technologies, Inc. (NYSE:TYL)

Focus Partners Advisor Solutions LLC purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,292 shares of the technology company's stock, valued at approximately $745,000.

Other institutional investors have also added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. boosted its position in Tyler Technologies by 20.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock valued at $24,507,000 after buying an additional 7,300 shares during the period. Kensington Investment Counsel LLC boosted its position in Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after buying an additional 20 shares during the period. Barclays PLC boosted its position in Tyler Technologies by 2.5% during the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock valued at $51,543,000 after buying an additional 2,169 shares during the period. JPMorgan Chase & Co. boosted its position in Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares during the period. Finally, Swedbank AB boosted its holdings in shares of Tyler Technologies by 1.7% during the fourth quarter. Swedbank AB now owns 459,850 shares of the technology company's stock worth $265,168,000 after purchasing an additional 7,838 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total transaction of $200,750.00. Following the completion of the transaction, the director now owns 2,853 shares of the company's stock, valued at approximately $1,569,150. This trade represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at $46,772,561.06. This represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,962 shares of company stock valued at $15,977,091. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Robert W. Baird dropped their target price 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. DA Davidson dropped their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Barclays dropped their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, May 13th. Finally, Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $687.82.

Tyler Technologies Stock Up 1.9%

TYL traded up $10.74 on Tuesday, hitting $576.76. The company had a trading volume of 206,313 shares, compared to its average volume of 261,371. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week high of $661.31. The stock has a fifty day simple moving average of $561.29 and a 200-day simple moving average of $587.80. The firm has a market capitalization of $24.87 billion, a P/E ratio of 95.18, a P/E/G ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same quarter last year, the firm earned $2.20 earnings per share. The business's revenue for the quarter was up 10.3% on a year-over-year basis. As a group, equities analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.