1,064 Shares in Tyler Technologies, Inc. (NYSE:TYL) Bought by Measured Wealth Private Client Group LLC

Key Points

• Measured Wealth Private Client Group LLC acquired 1,064 shares of Tyler Technologies, Inc., valued at approximately $619,000, highlighting continued interest in the company's stock.
• Several hedge funds recently adjusted their stakes in Tyler Technologies, with institutional investors now owning 93.30% of the company, indicating strong institutional support.
• Tyler Technologies reported a 10.2% year-over-year revenue increase, achieving an EPS of $2.91, surpassing analyst expectations while setting an average price target of $688.27 among analysts.

Measured Wealth Private Client Group LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 1,064 shares of the technology company's stock, valued at approximately $619,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in shares of Tyler Technologies by 57,694.7% during the first quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock valued at $510,739,000 after acquiring an additional 876,960 shares during the period. Vanguard Group Inc. boosted its position in shares of Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company's stock valued at $3,173,903,000 after acquiring an additional 148,762 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Tyler Technologies by 897.6% during the 4th quarter. Marshall Wace LLP now owns 112,210 shares of the technology company's stock valued at $64,705,000 after acquiring an additional 100,962 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Tyler Technologies by 52.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,449 shares of the technology company's stock valued at $163,448,000 after buying an additional 97,718 shares in the last quarter. Finally, TCW Group Inc. lifted its position in shares of Tyler Technologies by 144.0% during the first quarter. TCW Group Inc. now owns 152,775 shares of the technology company's stock worth $88,822,000 after purchasing an additional 90,172 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In other news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total transaction of $215,100.00. Following the sale, the insider directly owned 247 shares in the company, valued at approximately $141,679.20. This represents a 60.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brenda A. Cline sold 2,500 shares of the stock in a transaction on Friday, May 16th. The shares were sold at an average price of $577.41, for a total value of $1,443,525.00. Following the transaction, the director directly owned 2,519 shares of the company's stock, valued at approximately $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 25,352 shares of company stock valued at $14,655,376 in the last three months. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Stock Performance

TYL stock traded down $6.20 during mid-day trading on Friday, reaching $593.99. The company had a trading volume of 252,619 shares, compared to its average volume of 390,644. Tyler Technologies, Inc. has a fifty-two week low of $513.52 and a fifty-two week high of $661.31. The company has a market capitalization of $25.70 billion, a price-to-earnings ratio of 84.86, a price-to-earnings-growth ratio of 4.56 and a beta of 0.85. The firm has a fifty day simple moving average of $576.89 and a 200 day simple moving average of $579.26.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%. The company's quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $2.40 EPS. As a group, analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Barclays upped their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Piper Sandler cut their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Tyler Technologies has an average rating of "Moderate Buy" and a consensus price target of $688.27.

Tyler Technologies Company 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.