PNC Financial Services Group Inc. Has $5.99 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

PNC Financial Services Group Inc. grew its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,303 shares of the technology company's stock after acquiring an additional 1,193 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Tyler Technologies were worth $5,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Retirement Wealth Solutions LLC bought a new stake in Tyler Technologies in the 1st quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC raised its position in shares of Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after buying an additional 41 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in shares of Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after buying an additional 42 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies during the fourth quarter worth about $40,000. Finally, Whipplewood Advisors LLC increased its stake in Tyler Technologies by 255.0% during the first quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company's stock valued at $41,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen cut Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. 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. DA Davidson set a $585.00 target price on Tyler Technologies and gave the stock a "neutral" rating in a research report on Tuesday. Wells Fargo & Company lowered their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Robert W. Baird reduced their price objective 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. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and an average price target of $688.27.

Tyler Technologies Price Performance

Shares of TYL traded down $12.28 during trading hours on Thursday, hitting $599.49. The stock had a trading volume of 532,735 shares, compared to its average volume of 383,827. The stock has a market capitalization of $25.93 billion, a price-to-earnings ratio of 85.64, a P/E/G ratio of 4.70 and a beta of 0.85. The company's fifty day moving average is $576.54 and its two-hundred day moving average is $579.34. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31.

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

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $558.86, for a total value of $2,794,300.00. Following the transaction, the insider owned 6,983 shares of the company's stock, valued at approximately $3,902,519.38. The trade was a 41.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $580.77, for a total transaction of $3,049,042.50. Following the sale, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $47,492,466.75. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,352 shares of company stock valued at $17,449,676 over the last quarter. 1.10% of the stock is owned by insiders.

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.