Northern Trust Corp Acquires 60,654 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Northern Trust Corp grew its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 13.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 497,367 shares of the technology company's stock after buying an additional 60,654 shares during the quarter. Northern Trust Corp owned approximately 1.16% of Tyler Technologies worth $286,802,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Tyler Technologies by 2.5% in the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock valued at $51,543,000 after acquiring an additional 2,169 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at about $1,825,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Tyler Technologies during the third quarter valued at about $651,000. Tidal Investments LLC raised its stake in Tyler Technologies by 11.2% in the third quarter. Tidal Investments LLC now owns 2,412 shares of the technology company's stock worth $1,408,000 after buying an additional 243 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Tyler Technologies by 2.0% in the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock worth $547,354,000 after buying an additional 17,943 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,064 shares of company stock valued at $8,688,030. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Up 0.2 %

Shares of NYSE:TYL traded up $1.08 during trading on Tuesday, reaching $550.42. 38,185 shares of the stock traded hands, compared to its average volume of 257,435. The stock has a market cap of $23.74 billion, a P/E ratio of 90.82, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a 50-day moving average of $567.49 and a two-hundred day moving average of $591.74. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. The business had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The company's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 EPS. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TYL has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research report on Thursday, April 24th. Barclays decreased their price objective on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Friday. 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. Finally, Truist Financial reissued a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $674.67.

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.