Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 911.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,011 shares of the technology company’s stock after acquiring an additional 911 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Tyler Technologies were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Tyler Technologies by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock valued at $1,897,268,000 after buying an additional 29,578 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Tyler Technologies by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock valued at $489,994,000 after purchasing an additional 5,013 shares in the last quarter. Morgan Stanley boosted its stake in shares of Tyler Technologies by 21.1% during the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after purchasing an additional 177,242 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Tyler Technologies by 13.1% during the fourth quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company’s stock worth $362,935,000 after buying an additional 100,788 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Tyler Technologies by 6.5% in the third quarter. Invesco Ltd. now owns 860,928 shares of the technology company’s stock valued at $332,439,000 after buying an additional 52,798 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.1 %

Shares of Tyler Technologies stock opened at $481.02 on Thursday. The company has a fifty day moving average price of $428.17 and a 200 day moving average price of $420.40. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 108.83, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $485.40. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. Equities research analysts forecast that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,671 shares of Tyler Technologies stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $465.03, for a total transaction of $1,242,095.13. Following the sale, the chief financial officer now owns 13,536 shares of the company’s stock, valued at approximately $6,294,646.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the sale, the director now owns 1,358 shares in the company, valued at $623,091.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 2,671 shares of Tyler Technologies stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $465.03, for a total value of $1,242,095.13. Following the completion of the transaction, the chief financial officer now owns 13,536 shares of the company’s stock, valued at approximately $6,294,646.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,279 shares of company stock valued at $25,511,064. Corporate insiders own 1.50% of the company’s stock.

Analysts Set New Price Targets

TYL has been the topic of several analyst reports. Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday, April 24th. Robert W. Baird upped their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. JMP Securities reissued a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a research 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 stock an “overweight” rating in a research note on Thursday, February 15th. Finally, Oppenheimer boosted their price objective on shares of Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $492.22.

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.