Vanderbilt University Invests $3.48 Million in Tyler Technologies, Inc. (NYSE:TYL)

Vanderbilt University purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,990 shares of the technology company's stock, valued at approximately $3,483,000.

Several other hedge funds also recently modified their holdings of TYL. Larson Financial Group LLC grew its position in shares of Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after buying an additional 31 shares during the last quarter. Retirement Wealth Solutions LLC bought a new position in shares of Tyler Technologies in the first quarter valued at $26,000. Brown Brothers Harriman & Co. boosted its stake in Tyler Technologies by 300.0% during the 4th 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 during the last quarter. Kapitalo Investimentos Ltda purchased a new stake in shares of Tyler Technologies in the fourth quarter worth approximately $40,000. Finally, OFI Invest Asset Management bought a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TYL shares. Piper Sandler cut 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. Wells Fargo & Company dropped their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird decreased their price target on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Cantor Fitzgerald initiated coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 price objective on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $680.50.

Tyler Technologies Price Performance

Shares of TYL traded up $0.90 during midday trading on Friday, hitting $569.57. 667,966 shares of the company traded hands, compared to its average volume of 265,623. Tyler Technologies, Inc. has a one year low of $469.66 and a one year high of $661.31. The firm has a market cap of $24.56 billion, a P/E ratio of 85.78, a PEG ratio of 4.44 and a beta of 0.84. The stock has a 50-day moving average of $566.15 and a 200-day moving average of $583.48.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) 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 in the previous year, the business earned $2.20 earnings per share. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. Sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $550.00, for a total transaction of $200,750.00. Following the transaction, the director now directly owns 2,853 shares in the company, valued at $1,569,150. This trade represents a 11.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian K. Miller sold 1,044 shares of Tyler Technologies stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $587.20, for a total value of $613,036.80. Following the completion of the transaction, the chief financial officer now directly owns 14,972 shares in the company, valued at $8,791,558.40. This trade represents a 6.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,500 shares of company stock valued at $15,177,230. 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.