YHB Investment Advisors Inc. Acquires Shares of 459 Tyler Technologies, Inc. (NYSE:TYL)

YHB Investment Advisors Inc. acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 459 shares of the technology company's stock, valued at approximately $267,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted 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 worth $26,000 after purchasing an additional 31 shares in the last quarter. Retirement Wealth Solutions LLC bought a new stake in shares of Tyler Technologies in the 1st quarter valued at $26,000. Brown Brothers Harriman & Co. raised 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 worth $32,000 after buying an additional 42 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies during the 4th quarter worth $40,000. Finally, OFI Invest Asset Management bought a new position in Tyler Technologies during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Trading Down 1.1%

Shares of Tyler Technologies stock traded down $6.68 during trading hours on Wednesday, reaching $581.95. 297,347 shares of the company's stock were exchanged, compared to its average volume of 262,519. The stock has a market cap of $25.10 billion, a P/E ratio of 87.64, a P/E/G ratio of 4.53 and a beta of 0.85. The company has a 50 day moving average of $566.55 and a two-hundred day moving average of $582.16. Tyler Technologies, Inc. has a fifty-two week low of $484.05 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The business's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.20 earnings per share. As a group, analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity

In other Tyler Technologies news, Director Daniel M. Pope sold 365 shares of the business'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 owns 2,853 shares of the company's stock, valued at $1,569,150. The trade was a 11.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $585.18, for a total value of $3,072,195.00. Following the completion of the sale, the chief executive officer now owns 81,775 shares in the company, valued at $47,853,094.50. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,500 shares of company stock valued at $15,177,230. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TYL shares. Wells Fargo & Company lowered their price target on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Robert W. Baird decreased their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Cantor Fitzgerald started coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price for the company. Piper Sandler dropped their target price 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 reiterated a "buy" rating and issued a $750.00 price target 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $680.50.

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.