Charles Schwab Investment Management Inc. Raises Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Charles Schwab Investment Management Inc. raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 372,950 shares of the technology company's stock after buying an additional 7,669 shares during the period. Charles Schwab Investment Management Inc. owned about 0.89% of Tyler Technologies worth $155,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Tyler Technologies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company's stock worth $1,897,268,000 after acquiring an additional 29,578 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Tyler Technologies by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company's stock worth $489,994,000 after acquiring an additional 5,013 shares in the last quarter. Morgan Stanley increased its stake in shares of Tyler Technologies by 21.1% in the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company's stock worth $392,208,000 after acquiring an additional 177,242 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Tyler Technologies by 13.1% in the 4th quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company's stock worth $362,935,000 after acquiring an additional 100,788 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Tyler Technologies by 6.5% in the 3rd quarter. Invesco Ltd. now owns 860,928 shares of the technology company's stock worth $332,439,000 after acquiring an additional 52,798 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $500.00 target price on shares of Tyler Technologies in a report on Thursday, April 25th. Oppenheimer boosted their price objective on shares of Tyler Technologies from $480.00 to $500.00 and gave the company an "outperform" rating in a report on Friday, April 26th. JMP Securities reissued a "market outperform" rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an "overweight" rating in a report on Thursday, February 15th. Finally, Piper Sandler reissued an "overweight" rating and set a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $492.22.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded up $2.88 during midday trading on Friday, reaching $484.72. 196,964 shares of the company were exchanged, compared to its average volume of 214,250. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The business's fifty day moving average is $429.06 and its two-hundred day moving average is $420.83. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $488.71. The stock has a market cap of $20.58 billion, a PE ratio of 109.01, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76.

Tyler Technologies (NYSE:TYL - Get Free Report) last released 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. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The business had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. As a group, analysts predict that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the sale, the director now directly owns 1,358 shares of the company's stock, valued at approximately $623,091.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $481.83, for a total transaction of $2,529,607.50. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at $36,137,250. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Brenda A. Cline sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the transaction, the director now directly owns 1,358 shares in the company, valued at $623,091.14. The disclosure for this sale can be found here. Insiders sold a total of 63,529 shares of company stock worth $28,040,672 over the last three months. 1.50% of the stock is owned by insiders.

Tyler Technologies Company 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.