Atomi Financial Group Inc. Acquires 43 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Atomi Financial Group Inc. boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,367 shares of the technology company’s stock after buying an additional 43 shares during the period. Atomi Financial Group Inc.’s holdings in Tyler Technologies were worth $687,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in Tyler Technologies by 41,712.0% during the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock worth $21,853,000 after purchasing an additional 52,140 shares during the last quarter. CWM LLC lifted its stake in Tyler Technologies by 10.8% during the fourth quarter. CWM LLC now owns 573 shares of the technology company’s stock worth $240,000 after purchasing an additional 56 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Tyler Technologies by 24.4% in the fourth quarter. Yousif Capital Management LLC now owns 6,997 shares of the technology company’s stock worth $2,926,000 after buying an additional 1,372 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Tyler Technologies by 5.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,275 shares of the technology company’s stock worth $533,000 after buying an additional 70 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Tyler Technologies in the fourth quarter worth about $40,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $0.68 during midday trading on Wednesday, hitting $577.91. The company had a trading volume of 2,262 shares, compared to its average volume of 221,755. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $24.54 billion, a price-to-earnings ratio of 130.90, a PEG ratio of 5.40 and a beta of 0.76. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $593.50. The company has a fifty day moving average of $540.72 and a two-hundred day moving average of $479.79.

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. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. During the same period in the prior year, the business posted $1.53 EPS. Tyler Technologies’s revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 800 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total transaction of $383,424.00. Following the completion of the transaction, the chief financial officer now owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 800 shares of the stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total transaction of $383,424.00. Following the completion of the transaction, the chief financial officer now owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,325 shares of company stock worth $11,068,068. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Oppenheimer boosted their price target on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, July 26th. DA Davidson upped their price objective on Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Loop Capital upped their price objective on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Evercore ISI raised Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Tyler Technologies in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $582.31.

About Tyler Technologies

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.