Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Cavalier Investments LLC

Cavalier Investments LLC raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,580 shares of the technology company’s stock after acquiring an additional 48 shares during the quarter. Cavalier Investments LLC’s holdings in Tyler Technologies were worth $911,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TYL. Ashton Thomas Securities LLC purchased a new stake in shares of Tyler Technologies in the third quarter valued at approximately $27,000. Sierra Ocean LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $32,000. Quarry LP purchased a new stake in shares of Tyler Technologies in the third quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after purchasing an additional 21 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Tyler Technologies in the third quarter valued at approximately $79,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the sale, the chief financial officer now directly owns 11,918 shares in the company, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total value of $3,801,300.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,252 shares of company stock worth $9,525,365 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 0.5 %

Shares of NYSE TYL opened at $616.44 on Wednesday. The stock has a market cap of $26.52 billion, a P/E ratio of 101.72, a PEG ratio of 4.93 and a beta of 0.78. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The business’s fifty day simple moving average is $597.66 and its 200-day simple moving average is $597.22.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

TYL has been the subject of a number of analyst reports. Barclays upped their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Piper Sandler increased their price objective on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday. Finally, DA Davidson restated a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $676.25.

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.