Wise Wealth Partners Purchases Shares of 367 Tyler Technologies, Inc. (NYSE:TYL)

Wise Wealth Partners bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 367 shares of the technology company’s stock, valued at approximately $212,000.

A number of other large investors also recently modified their holdings of TYL. Larson Financial Group LLC grew its holdings in shares of Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock valued at $26,000 after buying an additional 31 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. boosted its position in shares of Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in Tyler Technologies during the fourth quarter worth $40,000. Finally, OFI Invest Asset Management purchased a new stake in Tyler Technologies in the 4th quarter valued at $41,000. 93.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares of the company’s stock, valued at $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 in the last quarter. 1.10% of the stock is owned by company insiders.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $534.53 on Wednesday. The company has a 50-day moving average price of $573.02 and a two-hundred day moving average price of $593.07. Tyler Technologies, Inc. has a twelve month low of $452.57 and a twelve month high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $23.04 billion, a PE ratio of 88.21, a P/E/G ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. During the same period in the previous year, the business earned $2.20 EPS. Tyler Technologies’s revenue was up 10.3% compared to the same quarter last year. Equities analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Needham & Company LLC reissued a “buy” rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Thursday, April 24th. Piper Sandler reduced their target price on Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Finally, Barclays dropped their price target on Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $674.67.

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.