Tandem Investment Advisors Inc. Acquires 1,617 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Tandem Investment Advisors Inc. raised its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 22.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,794 shares of the technology company's stock after buying an additional 1,617 shares during the period. Tandem Investment Advisors Inc.'s holdings in Tyler Technologies were worth $5,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Larson Financial Group LLC lifted its position in shares of Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after purchasing an additional 31 shares in the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Tyler Technologies during the first quarter valued at about $26,000. Brown Brothers Harriman & Co. lifted its position in shares of Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Tyler Technologies during the fourth quarter valued at about $40,000. Finally, OFI Invest Asset Management bought a new position in shares of Tyler Technologies during the fourth quarter valued at about $41,000. 93.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TYL. Needham & Company LLC reissued a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 13th. 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 report on Friday, April 25th. Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective for the company. Robert W. Baird decreased 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. Finally, Piper Sandler decreased their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $680.50.

Tyler Technologies Price Performance

Shares of TYL traded up $7.39 during trading hours on Friday, hitting $590.47. The company's stock had a trading volume of 173,785 shares, compared to its average volume of 263,779. The company has a market cap of $25.46 billion, a price-to-earnings ratio of 88.93, a PEG ratio of 4.61 and a beta of 0.84. The business has a 50 day simple moving average of $571.25 and a two-hundred day simple moving average of $580.51. Tyler Technologies, Inc. has a 52-week low of $503.54 and a 52-week high of $661.31.

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

Insider Activity

In other Tyler Technologies news, Director Brenda A. Cline sold 2,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director owned 2,519 shares of the company's stock, valued at $1,454,495.79. The trade was a 49.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian K. Miller sold 3,333 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $568.46, for a total transaction of $1,894,677.18. Following the completion of the transaction, the chief financial officer directly owned 11,231 shares of the company's stock, valued at approximately $6,384,374.26. This represents a 22.89% 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 in the last three months. 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.