Corient Private Wealth LLC Acquires 889 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Corient Private Wealth LLC grew its holdings in Tyler Technologies, Inc. (NYSE:TYLFree Report) by 34.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,451 shares of the technology company’s stock after acquiring an additional 889 shares during the period. Corient Private Wealth LLC’s holdings in Tyler Technologies were worth $1,443,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Tyler Technologies in the fourth quarter worth approximately $31,000. Headlands Technologies LLC bought a new stake in Tyler Technologies in the fourth quarter worth approximately $40,000. Lindbrook Capital LLC grew its position in 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 acquiring an additional 39 shares in the last quarter. Chilton Capital Management LLC bought a new stake in Tyler Technologies in the fourth quarter worth approximately $52,000. Finally, Headinvest LLC bought a new stake in Tyler Technologies in the third quarter worth approximately $78,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Price Performance

NYSE:TYL opened at $480.36 on Friday. The stock has a market cap of $20.40 billion, a P/E ratio of 108.68, a PEG ratio of 4.51 and a beta of 0.76. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $500.49. The company has a fifty day moving average price of $449.43 and a 200 day moving average price of $431.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94.

Tyler Technologies (NYSE:TYLGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $512.36 million during the quarter, compared to analysts’ expectations of $507.79 million. Analysts anticipate that Tyler Technologies, Inc. will post 7.1 earnings per share for the current year.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 1,849 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the transaction, the chief executive officer now owns 79,502 shares in the company, valued at approximately $33,485,447.38. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CEO H Lynn Moore, Jr. sold 1,849 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the transaction, the chief executive officer now owns 79,502 shares in the company, valued at approximately $33,485,447.38. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at approximately $2,738,048. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,899 shares of company stock worth $14,937,179. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TYL shares. Needham & Company LLC boosted their price objective on shares of Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. BTIG Research boosted their price objective on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Loop Capital boosted their price objective on shares of Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. DA Davidson boosted their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Finally, Piper Sandler restated an “overweight” rating and issued a $520.00 price objective on shares of Tyler Technologies in a research note on Wednesday, April 24th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $519.09.

Check Out Our Latest Analysis on Tyler Technologies

About Tyler Technologies

(Free Report)

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.

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

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