Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its holdings in Tyler Technologies, Inc. (NYSE:TYLGet Rating) by 19.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 432 shares of the technology company’s stock after purchasing an additional 71 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Tyler Technologies were worth $144,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Northwestern Mutual Investment Management Company LLC raised its holdings in Tyler Technologies by 1.7% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 1,658 shares of the technology company’s stock worth $551,000 after purchasing an additional 28 shares during the period. Truist Financial Corp raised its holdings in Tyler Technologies by 1.3% in the 1st quarter. Truist Financial Corp now owns 2,394 shares of the technology company’s stock worth $1,065,000 after purchasing an additional 31 shares during the period. Wealth Alliance raised its holdings in Tyler Technologies by 4.8% in the 1st quarter. Wealth Alliance now owns 697 shares of the technology company’s stock worth $310,000 after purchasing an additional 32 shares during the period. Parkside Financial Bank & Trust raised its holdings in Tyler Technologies by 5.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 610 shares of the technology company’s stock worth $203,000 after purchasing an additional 32 shares during the period. Finally, Curi Wealth Management LLC raised its holdings in Tyler Technologies by 7.2% in the 1st quarter. Curi Wealth Management LLC now owns 522 shares of the technology company’s stock worth $232,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 89.42% of the company’s stock.

Tyler Technologies Trading Up 6.1 %

Shares of Tyler Technologies stock opened at $309.71 on Friday. The firm has a market capitalization of $12.90 billion, a price-to-earnings ratio of 69.91 and a beta of 0.84. Tyler Technologies, Inc. has a fifty-two week low of $281.11 and a fifty-two week high of $557.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average of $341.16 and a 200 day moving average of $355.04.

Insider Buying and Selling

In related news, COO Jeffrey David Puckett sold 3,906 shares of the stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $390.15, for a total value of $1,523,925.90. Following the completion of the transaction, the chief operating officer now directly owns 3,569 shares in the company, valued at $1,392,445.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wolfe Research boosted their price objective on Tyler Technologies from $400.00 to $460.00 and gave the stock an “outperform” rating in a research note on Monday, August 1st. StockNews.com assumed coverage on Tyler Technologies in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Needham & Company LLC cut their price objective on Tyler Technologies from $575.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, July 28th. BTIG Research cut their price objective on Tyler Technologies from $585.00 to $500.00 in a research note on Friday, October 28th. Finally, Robert W. Baird cut their price objective on Tyler Technologies from $600.00 to $500.00 in a research note on Friday, July 29th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $446.08.

Tyler Technologies Company Profile

(Get Rating)

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.

Further Reading

Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.