Envestnet Asset Management Inc. Raises Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Envestnet Asset Management Inc. grew its stake in Tyler Technologies, Inc. (NYSE:TYLFree Report) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,825 shares of the technology company’s stock after buying an additional 3,469 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.42% of Tyler Technologies worth $73,098,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Tyler Technologies by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock worth $1,897,268,000 after purchasing an additional 29,578 shares in the last quarter. Norges Bank purchased a new stake in shares of Tyler Technologies during the fourth quarter worth about $459,691,000. Franklin Resources Inc. grew its position in shares of Tyler Technologies by 6.7% during the fourth quarter. Franklin Resources Inc. now owns 1,040,341 shares of the technology company’s stock worth $434,987,000 after purchasing an additional 64,889 shares in the last quarter. Morgan Stanley grew its position in shares of Tyler Technologies by 21.1% during the third 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 in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Tyler Technologies by 5.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 872,960 shares of the technology company’s stock worth $365,002,000 after purchasing an additional 49,008 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction on 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 of the company’s stock, valued at approximately $2,738,048. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the transaction, the insider now directly owns 6,400 shares in the company, valued at approximately $2,738,048. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total value of $2,899,260.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $3,374,255.43. The disclosure for this sale can be found here. Insiders sold a total of 31,941 shares of company stock valued at $14,893,296 in the last ninety days. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TYL shares. Loop Capital increased their target price on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Truist Financial restated a “buy” rating and set a $560.00 price target (up previously from $510.00) on shares of Tyler Technologies in a report on Thursday, May 23rd. JPMorgan Chase & Co. raised their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. DA Davidson raised their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Finally, BTIG Research raised their price target on Tyler Technologies from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $519.09.

View Our Latest Report on TYL

Tyler Technologies Price Performance

Shares of TYL stock opened at $481.84 on Monday. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $500.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $20.46 billion, a P/E ratio of 109.01, a P/E/G ratio of 4.53 and a beta of 0.74. The stock has a 50 day moving average price of $455.26 and a 200 day moving average price of $434.03.

Tyler Technologies (NYSE:TYLGet Free Report) last issued its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The business had revenue of $512.36 million during the quarter, compared to analyst estimates of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.1 earnings per share for the current year.

Tyler Technologies Company Profile

(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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