Van ECK Associates Corp Increases Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Van ECK Associates Corp lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 868,016 shares of the technology company's stock after purchasing an additional 100,788 shares during the quarter. Van ECK Associates Corp owned 2.06% of Tyler Technologies worth $362,935,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. First Trust Direct Indexing L.P. increased its holdings in shares of Tyler Technologies by 2.7% in the third quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company's stock worth $423,000 after purchasing an additional 29 shares during the period. Baron Wealth Management LLC increased its stake in Tyler Technologies by 2.0% in the 4th quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company's stock worth $612,000 after acquiring an additional 29 shares during the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors boosted its position in shares of Tyler Technologies by 0.8% during the 4th quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company's stock valued at $1,639,000 after acquiring an additional 30 shares during the last quarter. Cavalier Investments LLC grew its holdings in shares of Tyler Technologies by 2.7% during the third quarter. Cavalier Investments LLC now owns 1,352 shares of the technology company's stock worth $522,000 after purchasing an additional 35 shares in the last quarter. Finally, CIBC Asset Management Inc raised its stake in Tyler Technologies by 0.6% in the third quarter. CIBC Asset Management Inc now owns 6,030 shares of the technology company's stock valued at $2,328,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Oppenheimer boosted their price target on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday. JPMorgan Chase & Co. increased their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. JMP Securities reaffirmed a "market outperform" rating and set a $490.00 price target on shares of Tyler Technologies in a research note on Friday. DA Davidson increased their price objective on Tyler Technologies from $412.00 to $434.00 and gave the company a "neutral" rating in a research report on Thursday, February 22nd. Finally, Needham & Company LLC restated a "buy" rating and issued a $500.00 target price on shares of Tyler Technologies in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $480.60.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,500 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the transaction, the insider now owns 6,400 shares in the company, valued at $2,738,048. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Brian K. Miller sold 5,000 shares of the business's stock in a transaction on Monday, February 26th. The shares were sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the sale, the chief financial officer now owns 14,610 shares in the company, valued at approximately $6,472,083.90. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 50,608 shares of company stock valued at $21,974,819 in the last 90 days. Insiders own 1.50% of the company's stock.

Tyler Technologies Trading Up 1.0 %

Shares of NYSE TYL traded up $4.47 during mid-day trading on Monday, hitting $465.21. The stock had a trading volume of 325,787 shares, compared to its average volume of 213,258. The business has a 50 day moving average price of $423.02 and a two-hundred day moving average price of $415.62. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $465.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $19.75 billion, a P/E ratio of 104.24, a price-to-earnings-growth ratio of 4.38 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. The firm had revenue of $480.94 million for the quarter, compared to analysts' expectations of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 7.01 EPS for the current fiscal year.

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.

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