798 Shares in Tyler Technologies, Inc. (NYSE:TYL) Bought by SYM FINANCIAL Corp

SYM FINANCIAL Corp purchased a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 798 shares of the technology company's stock, valued at approximately $464,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TYL. Y Intercept Hong Kong Ltd bought a new position in shares of Tyler Technologies during the 1st quarter valued at $346,000. Choreo LLC raised its holdings in Tyler Technologies by 8.5% during the first quarter. Choreo LLC now owns 702 shares of the technology company's stock valued at $408,000 after acquiring an additional 55 shares during the period. HighPoint Advisor Group LLC grew its position in shares of Tyler Technologies by 10.9% during the first quarter. HighPoint Advisor Group LLC now owns 711 shares of the technology company's stock valued at $380,000 after purchasing an additional 70 shares in the last quarter. Crestwood Advisors Group LLC purchased a new position in shares of Tyler Technologies during the first quarter valued at about $1,814,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in Tyler Technologies by 3.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 3,258 shares of the technology company's stock worth $1,894,000 after acquiring an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Price Performance

NYSE:TYL traded down $4.40 during trading hours on Friday, reaching $555.52. 424,851 shares of the company were exchanged, compared to its average volume of 270,467. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The stock has a 50 day simple moving average of $574.26 and a 200 day simple moving average of $578.47. The firm has a market cap of $23.95 billion, a price-to-earnings ratio of 83.66, a PEG ratio of 4.37 and a beta of 0.84.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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. DA Davidson dropped their target price 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. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Piper Sandler lowered their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, May 13th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $680.50.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,200 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $580.72, for a total transaction of $696,864.00. Following the transaction, the chief financial officer owned 13,772 shares of the company's stock, valued at approximately $7,997,675.84. This trade represents a 8.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $573.60, for a total transaction of $215,100.00. Following the transaction, the insider directly owned 247 shares in the company, valued at approximately $141,679.20. The trade was a 60.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock worth $15,177,230 over the last 90 days. Corporate insiders own 1.10% of the company's stock.

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.