SG Americas Securities LLC Buys 12,965 Shares of Tyler Technologies, Inc. (NYSE:TYL)

SG Americas Securities LLC lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 888.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,425 shares of the technology company's stock after acquiring an additional 12,965 shares during the period. SG Americas Securities LLC's holdings in Tyler Technologies were worth $8,387,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TYL. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Tyler Technologies by 20.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock valued at $24,507,000 after acquiring an additional 7,300 shares during the period. Kensington Investment Counsel LLC raised its holdings in Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after purchasing an additional 20 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Tyler Technologies by 4.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 33,893 shares of the technology company's stock valued at $19,841,000 after purchasing an additional 1,388 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Tyler Technologies by 54.6% in the fourth quarter. Empowered Funds LLC now owns 3,588 shares of the technology company's stock valued at $2,069,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Portfolio Design Labs LLC acquired a new stake in Tyler Technologies during the fourth quarter worth approximately $315,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the subject of several research reports. Barclays decreased their price objective on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Robert W. Baird reduced their price target 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. The Goldman Sachs Group increased their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company cut 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. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $680.50.

Insider Activity

In other Tyler Technologies news, CFO Brian K. Miller sold 1,033 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $557.45, for a total transaction of $575,845.85. Following the sale, the chief financial officer now directly owns 13,028 shares of the company's stock, valued at $7,262,458.60. This represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel M. Pope sold 365 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total transaction of $200,750.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 17,806 shares of company stock worth $10,092,030 in the last three months. Company insiders own 1.10% of the company's stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded up $3.21 during trading on Thursday, reaching $587.25. 186,724 shares of the company traded hands, compared to its average volume of 263,615. The firm has a market capitalization of $25.32 billion, a PE ratio of 96.91, a PEG ratio of 4.93 and a beta of 0.84. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31. The company's 50 day moving average is $561.95 and its two-hundred day moving average is $585.54.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data 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 net margin of 12.30% and a return on equity of 10.15%. 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 company earned $2.20 EPS. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.