Focus Partners Wealth Increases Stake in Tyler Technologies, Inc. (NYSE:TYL)

Focus Partners Wealth lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 56.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,473 shares of the technology company's stock after purchasing an additional 533 shares during the period. Focus Partners Wealth's holdings in Tyler Technologies were worth $849,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC lifted its holdings in Tyler Technologies by 221.4% during 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. Sierra Ocean LLC purchased a new stake in Tyler Technologies during the fourth quarter worth $32,000. Brown Brothers Harriman & Co. lifted its holdings in Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies during the fourth quarter worth $40,000. Finally, OFI Invest Asset Management purchased a new stake in Tyler Technologies during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded up $3.15 during midday trading on Friday, reaching $570.57. The company's stock had a trading volume of 74,083 shares, compared to its average volume of 260,282. The firm has a market capitalization of $24.61 billion, a PE ratio of 94.15, a P/E/G ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a twelve month low of $458.50 and a twelve month high of $661.31. The stock has a fifty day moving average of $561.66 and a 200 day moving average of $588.75. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TYL shares. Needham & Company LLC reissued a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. The Goldman Sachs Group increased their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Robert W. Baird decreased their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Barclays decreased their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Truist Financial reissued a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $687.82.

Insider Activity

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brenda A. Cline sold 2,500 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $577.41, for a total transaction of $1,443,525.00. Following the completion of the transaction, the director now owns 2,519 shares in the company, valued at $1,454,495.79. The trade was a 49.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,962 shares of company stock worth $13,702,451 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.