Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. increased its stake in Tyler Technologies by 2.8%, acquiring an additional 148,762 shares, bringing its total ownership to approximately 12.66% valued at over $3.17 billion.
• Insider trading activity includes Abigail Marshall Diaz-Pedrosa selling 375 shares and Brenda A. Cline selling 2,500 shares, resulting in significant reductions in their ownership stakes.
• Analysts have mixed outlooks on Tyler Technologies, with four holding a "hold" rating and eight a "buy," while the average price target has varied between $610 and $750.

Vanguard Group Inc. lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,459,163 shares of the technology company's stock after buying an additional 148,762 shares during the quarter. Vanguard Group Inc. owned approximately 12.66% of Tyler Technologies worth $3,173,903,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TYL. Retirement Wealth Solutions LLC acquired a new stake in shares of Tyler Technologies in the 1st quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock worth $27,000 after purchasing an additional 41 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after purchasing an additional 42 shares during the period. Kapitalo Investimentos Ltda acquired a new position in Tyler Technologies in the fourth quarter valued at approximately $40,000. Finally, Whipplewood Advisors LLC lifted its holdings in Tyler Technologies by 255.0% in the first quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company's stock valued at $41,000 after acquiring an additional 51 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded down $6.20 during mid-day trading on Friday, reaching $593.99. 252,619 shares of the company's stock were exchanged, compared to its average volume of 390,644. The firm has a market capitalization of $25.70 billion, a price-to-earnings ratio of 84.86, a PEG ratio of 4.56 and a beta of 0.85. Tyler Technologies, Inc. has a 52-week low of $513.52 and a 52-week high of $661.31. The company's 50-day moving average is $576.89 and its 200-day moving average is $579.26.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, topping analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $584.01 million during the quarter, compared to analysts' expectations of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%. The company's revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 EPS. As a group, equities analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reduced their target price on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research note 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 set a $585.00 target price on Tyler Technologies and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Robert W. Baird reduced their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $688.27.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the sale, the insider owned 247 shares of the company's stock, valued at $141,679.20. This trade represents a 60.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 3,333 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $568.46, for a total value of $1,894,677.18. Following the completion of the sale, the chief financial officer directly owned 11,231 shares in the company, valued at $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 25,352 shares of company stock worth $14,655,376 over the last ninety days. Company 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.