NBW Capital LLC Increases Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

NBW Capital LLC increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 50.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,345 shares of the technology company's stock after purchasing an additional 4,489 shares during the quarter. NBW Capital LLC's holdings in Tyler Technologies were worth $5,580,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TYL. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Tyler Technologies during the 4th quarter valued at $31,000. Clear Street Markets LLC grew its position in shares of Tyler Technologies by 95.2% during the 1st quarter. Clear Street Markets LLC now owns 82 shares of the technology company's stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Tyler Technologies during the 2nd quarter valued at $49,000. Chilton Capital Management LLC purchased a new position in Tyler Technologies in the fourth quarter worth $52,000. Finally, International Assets Investment Management LLC purchased a new position in Tyler Technologies in the third quarter worth $48,000. Institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TYL. Piper Sandler upped their target price on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an "overweight" rating in a research report on Friday, February 16th. JMP Securities reiterated a "market outperform" rating and issued a $490.00 target price on shares of Tyler Technologies in a research report on Friday, February 16th. DA Davidson upped their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. Needham & Company LLC upped their target price on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an "overweight" rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and an average price target of $457.86.

Tyler Technologies Trading Up 0.0 %

Shares of NYSE:TYL traded up $0.11 during midday trading on Thursday, hitting $402.95. 221,555 shares of the stock traded hands, compared to its average volume of 204,532. The stock has a market capitalization of $17.10 billion, a PE ratio of 103.59, a P/E/G ratio of 3.93 and a beta of 0.81. The business's 50 day moving average is $424.20 and its two-hundred day moving average is $413.49. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $454.74.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. As a group, research analysts forecast that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the transaction, the insider now directly owns 6,400 shares of the company's stock, valued at $2,738,048. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $421.27, for a total value of $1,053,175.00. Following the completion of the transaction, the chief financial officer now directly owns 16,160 shares of the company's stock, valued at $6,807,723.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the completion of the transaction, the insider now directly owns 6,400 shares of the company's stock, valued at $2,738,048. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock valued at $21,974,819 over the last three months. Corporate insiders own 2.20% of the company's stock.

About Tyler Technologies

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.