Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 832 shares of the technology company’s stock after purchasing an additional 50 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Tyler Technologies were worth $348,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Tyler Technologies in the fourth quarter worth about $31,000. Lindbrook Capital LLC raised its holdings in shares of Tyler Technologies by 50.6% during 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 position in Tyler Technologies during the fourth quarter valued at about $52,000. Column Capital Advisors LLC grew its position in Tyler Technologies by 50.5% during the third 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 Tyler Technologies during the third quarter worth about $78,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Trading Down 0.6 %

Shares of TYL stock traded down $2.35 during trading hours on Wednesday, reaching $416.09. 87,870 shares of the stock were exchanged, compared to its average volume of 204,368. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $454.74. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $422.97 and its 200-day moving average price is $414.28. The firm has a market capitalization of $17.66 billion, a price-to-earnings ratio of 107.50, a price-to-earnings-growth ratio of 4.05 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The company had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TYL shares. Piper Sandler lifted their target price on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. JPMorgan Chase & Co. increased their price target on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Needham & Company LLC increased their price target on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. DA Davidson increased their price target on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $460.46.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the completion of the transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,799,936. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,639,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the sale, the insider now directly owns 6,400 shares in the company, valued at $2,799,936. 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 90 days. 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.