Inscription Capital LLC Takes $791,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

Inscription Capital LLC acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,361 shares of the technology company's stock, valued at approximately $791,000.

Several other large investors have also added to or reduced their stakes in TYL. Sierra Ocean LLC bought a new position in Tyler Technologies in the 4th quarter valued at $32,000. Sanctuary Advisors LLC increased its holdings in shares of Tyler Technologies by 3.6% in the fourth quarter. Sanctuary Advisors LLC now owns 14,215 shares of the technology company's stock worth $8,513,000 after purchasing an additional 499 shares during the period. CIBC Asset Management Inc raised its position in shares of Tyler Technologies by 4.7% in the fourth quarter. CIBC Asset Management Inc now owns 6,500 shares of the technology company's stock worth $3,748,000 after buying an additional 289 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Tyler Technologies by 40.0% during the fourth quarter. Handelsbanken Fonder AB now owns 199,051 shares of the technology company's stock valued at $114,781,000 after buying an additional 56,900 shares during the period. Finally, TCW Group Inc. purchased a new position in Tyler Technologies during the fourth quarter worth about $36,099,000. Institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

TYL has been the topic of several recent analyst reports. The Goldman Sachs Group raised their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company lowered their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler dropped 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 started coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. 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 currently has an average rating of "Moderate Buy" and an average target price of $680.50.

Tyler Technologies Stock Performance

TYL stock opened at $581.32 on Wednesday. The firm has a market cap of $25.07 billion, a P/E ratio of 87.55, a P/E/G ratio of 4.60 and a beta of 0.84. The firm's fifty day moving average is $565.87 and its 200 day moving average is $583.97. Tyler Technologies, Inc. has a 52 week low of $463.84 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (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 net margin of 13.23% and a return on equity of 10.29%. The company's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.20 earnings per share. As a group, analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the completion of the sale, the chief executive officer now directly owns 81,775 shares in the company, valued at approximately $47,853,094.50. This represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the sale, the director now directly owns 2,853 shares in the company, valued at $1,569,150. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,500 shares of company stock worth $15,177,230. 1.10% of the stock is currently owned by 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.

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