Cwm LLC Grows Position in Tyler Technologies, Inc. (NYSE:TYL)

Cwm LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 573 shares of the technology company’s stock after purchasing an additional 56 shares during the quarter. Cwm LLC’s holdings in Tyler Technologies were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Tyler Technologies in the 4th quarter worth about $31,000. Lindbrook Capital LLC increased its position in shares of Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after purchasing an additional 39 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in Tyler Technologies in the fourth quarter valued at approximately $52,000. Column Capital Advisors LLC grew its stake in Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after buying an additional 49 shares in the last quarter. Finally, Headinvest LLC bought a new position in shares of Tyler Technologies in the 3rd quarter worth $78,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $469.00 on Friday. The company has a market cap of $19.91 billion, a PE ratio of 106.11, a PEG ratio of 4.28 and a beta of 0.76. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $425.73 and its 200-day moving average price is $417.99. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $471.53.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. As a group, analysts anticipate that Tyler Technologies, Inc. will post 7.14 EPS for the current year.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the company’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 value of $4,359,800.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at $32,698,500. The sale was disclosed in a legal filing 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 company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,639,250. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,608 shares of company stock valued at $24,268,969. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Needham & Company LLC reissued a “buy” rating and issued a $500.00 target price on shares of Tyler Technologies in a research note on Thursday, April 25th. JMP Securities reissued a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Friday, April 26th. JPMorgan Chase & Co. increased their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Piper Sandler restated an “overweight” rating and issued a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday, April 24th. Finally, Robert W. Baird increased their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $492.22.

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.