Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 24.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,997 shares of the technology company’s stock after purchasing an additional 1,372 shares during the period. Yousif Capital Management LLC’s holdings in Tyler Technologies were worth $2,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. raised its position in shares of Tyler Technologies by 2.7% in the third quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock worth $423,000 after acquiring an additional 29 shares during the period. Baron Wealth Management LLC raised its holdings in Tyler Technologies by 2.0% in the 4th quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock worth $612,000 after purchasing an additional 29 shares during the period. Cavalier Investments LLC raised its holdings in Tyler Technologies by 2.7% in the 3rd quarter. Cavalier Investments LLC now owns 1,352 shares of the technology company’s stock worth $522,000 after purchasing an additional 35 shares during the period. CIBC Asset Management Inc boosted its position in Tyler Technologies by 0.6% during the third quarter. CIBC Asset Management Inc now owns 6,030 shares of the technology company’s stock worth $2,328,000 after purchasing an additional 35 shares in the last quarter. Finally, Allred Capital Management LLC grew its holdings in Tyler Technologies by 0.8% in the third quarter. Allred Capital Management LLC now owns 4,663 shares of the technology company’s stock valued at $1,801,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TYL shares. DA Davidson upped their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Oppenheimer boosted their target price on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $500.00 price target on shares of Tyler Technologies in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a research note on Friday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $480.60.

Tyler Technologies Stock Up 0.6 %

TYL stock opened at $460.74 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average of $423.02 and a two-hundred day moving average of $415.62. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $465.78. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 104.24, a PEG ratio of 4.38 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The business had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. As a group, analysts forecast that Tyler Technologies, Inc. will post 7.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of Tyler Technologies stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,639,250. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 $32,698,500. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock worth $21,974,819 in the last three months. 1.50% of the stock is owned by corporate insiders.

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.