Saturna Capital Corp Increases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Saturna Capital Corp lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 100.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,658 shares of the technology company's stock after buying an additional 1,837 shares during the quarter. Saturna Capital Corp's holdings in Tyler Technologies were worth $2,127,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its stake in Tyler Technologies by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after purchasing an additional 56 shares in the last quarter. Adage Capital Partners GP L.L.C. grew its position in shares of Tyler Technologies by 20.7% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock worth $24,507,000 after acquiring an additional 7,300 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Tyler Technologies by 0.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock worth $2,984,000 after acquiring an additional 31 shares in the last quarter. CX Institutional acquired a new position in shares of Tyler Technologies in the 1st quarter worth approximately $176,000. Finally, EP Wealth Advisors LLC grew its position in shares of Tyler Technologies by 268.5% in the 4th quarter. EP Wealth Advisors LLC now owns 1,861 shares of the technology company's stock worth $1,073,000 after acquiring an additional 1,356 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of analyst reports. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. DA Davidson dropped their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Cantor Fitzgerald assumed coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price on the stock. Finally, Barclays lowered their price target on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $680.50.

Tyler Technologies Stock Performance

NYSE TYL opened at $561.59 on Friday. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The stock has a market capitalization of $24.22 billion, a PE ratio of 84.58, a P/E/G ratio of 4.36 and a beta of 0.84. The stock has a 50-day simple moving average of $575.06 and a 200 day simple moving average of $579.03.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The business had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. During the same period in the prior year, the firm posted $2.20 EPS. Tyler Technologies's quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $568.66, for a total transaction of $2,274,640.00. Following the sale, the insider directly owned 6,983 shares in the company, valued at $3,970,952.78. This represents a 36.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 1,200 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $580.72, for a total value of $696,864.00. Following the sale, the chief financial officer owned 13,772 shares in the company, valued at approximately $7,997,675.84. This trade represents a 8.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock worth $15,177,230 over the last 90 days. Company insiders own 1.10% of the company's stock.

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.

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