Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Rovin Capital UT ADV

Rovin Capital UT ADV increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,535 shares of the technology company’s stock after purchasing an additional 81 shares during the quarter. Rovin Capital UT ADV’s holdings in Tyler Technologies were worth $772,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $26,000. Covestor Ltd lifted its position in shares of Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after buying an additional 43 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Tyler Technologies during the 4th quarter valued at about $31,000. Blue Trust Inc. raised its position in shares of Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares in the last quarter. Finally, Lynx Investment Advisory bought a new stake in Tyler Technologies in the second quarter worth about $38,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $600.00 price target on shares of Tyler Technologies in a report on Thursday, July 25th. DA Davidson boosted their price target on shares of Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Oppenheimer upped their price objective on Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Barclays raised their price target on Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $582.31.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 800 shares of the stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the transaction, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Brian K. Miller sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 800 shares of the stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the transaction, the chief financial officer now directly owns 12,736 shares in the company, valued at approximately $6,104,110.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,325 shares of company stock valued at $8,173,368. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Stock Up 0.4 %

NYSE TYL traded up $2.16 during trading hours on Friday, reaching $584.17. 177,595 shares of the company’s stock traded hands, compared to its average volume of 225,102. The firm has a 50-day simple moving average of $526.56 and a 200 day simple moving average of $472.11. The firm has a market cap of $24.80 billion, a PE ratio of 132.17, a PEG ratio of 5.31 and a beta of 0.76. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $593.50. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.34 by $0.06. The firm had revenue of $540.98 million for the quarter, compared to the consensus estimate of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.53 earnings per share. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.23 EPS for the current fiscal year.

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.