Sequoia Financial Advisors LLC Boosts Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Sequoia Financial Advisors LLC raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 35.8% during the 4th quarter, Holdings Channel reports. The firm owned 949 shares of the technology company’s stock after buying an additional 250 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Tyler Technologies were worth $397,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Garrison Bradford & Associates Inc. grew its stake in Tyler Technologies by 3.3% during the 4th quarter. Garrison Bradford & Associates Inc. now owns 3,114 shares of the technology company’s stock valued at $1,302,000 after purchasing an additional 100 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Tyler Technologies by 41,712.0% in the 4th quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock valued at $21,853,000 after buying an additional 52,140 shares during the period. Meeder Advisory Services Inc. acquired a new position in shares of Tyler Technologies in the 4th quarter valued at about $214,000. Nisa Investment Advisors LLC lifted its holdings in shares of Tyler Technologies by 1.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 24,615 shares of the technology company’s stock valued at $10,292,000 after buying an additional 296 shares during the period. Finally, Tritonpoint Wealth LLC acquired a new position in shares of Tyler Technologies in the 4th quarter valued at about $649,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE TYL opened at $402.84 on Thursday. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $454.74. The stock has a 50-day moving average of $424.84 and a 200 day moving average of $413.56. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 103.56, a PEG ratio of 3.93 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The company had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TYL. DA Davidson boosted their price objective on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC boosted their price objective on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 15th. JMP Securities reissued a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th. Finally, Piper Sandler upped their price target on Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $457.86.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $32,698,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $32,698,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the sale, the chief executive officer now owns 79,502 shares of the company’s stock, valued at $33,485,447.38. The disclosure for this sale can be found here. In the last three months, insiders sold 50,608 shares of company stock worth $21,974,819. Corporate insiders own 2.20% of the company’s stock.

About Tyler Technologies

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.