Tyler Technologies, Inc. (NYSE:TYL) Position Raised by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 31.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 622 shares of the technology company’s stock after purchasing an additional 148 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Tyler Technologies were worth $360,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TYL. Ashton Thomas Securities LLC bought a new position in Tyler Technologies during the third quarter valued at about $27,000. Sierra Ocean LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at about $32,000. Private Trust Co. NA boosted its position in shares of Tyler Technologies by 51.8% during the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after purchasing an additional 29 shares in the last quarter. Quarry LP acquired a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $78,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after purchasing an additional 21 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 6,752 shares of Tyler Technologies stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the sale, the chief financial officer now owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Performance

Shares of TYL opened at $619.15 on Wednesday. The company has a market capitalization of $26.63 billion, a PE ratio of 102.17, a PEG ratio of 4.93 and a beta of 0.78. 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 company’s 50 day moving average price is $598.68 and its 200 day moving average price is $598.02. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 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%. Research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TYL. DA Davidson restated a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Truist Financial reaffirmed a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Barclays upped their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price 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.