Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 57,694.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 878,480 shares of the technology company's stock after purchasing an additional 876,960 shares during the quarter. GAMMA Investing LLC owned about 2.04% of Tyler Technologies worth $510,739,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in TYL. Integrated Wealth Concepts LLC lifted its holdings in shares of Tyler Technologies by 2.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after purchasing an additional 18 shares during the last quarter. AdvisorNet Financial Inc raised its stake in Tyler Technologies by 7.0% in the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock valued at $169,000 after buying an additional 19 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Tyler Technologies by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock worth $2,115,000 after acquiring an additional 20 shares in the last quarter. Kensington Investment Counsel LLC boosted its holdings in Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after acquiring an additional 20 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in shares of Tyler Technologies by 1.5% during the fourth quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock worth $880,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Up 0.2%

NYSE TYL traded up $1.39 on Wednesday, hitting $575.40. 126,243 shares of the stock were exchanged, compared to its average volume of 262,325. Tyler Technologies, Inc. has a fifty-two week low of $458.50 and a fifty-two week high of $661.31. The company has a 50-day moving average price of $561.06 and a 200-day moving average price of $586.32. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a market cap of $24.81 billion, a PE ratio of 94.95, a PEG ratio of 4.93 and a beta of 0.88.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TYL shares. The Goldman Sachs Group upped their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Needham & Company LLC restated a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Wall Street Zen cut Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. DA Davidson cut their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Barclays decreased their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $680.50.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. The trade was a 46.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 3,333 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $568.46, for a total transaction of $1,894,677.18. Following the transaction, the chief financial officer now owns 11,231 shares of the company's stock, valued at $6,384,374.26. This trade represents a 22.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,231 shares of company stock valued at $12,897,738 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

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.