Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Barclays PLC

Barclays PLC grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,296 shares of the technology company’s stock after acquiring an additional 2,169 shares during the period. Barclays PLC’s holdings in Tyler Technologies were worth $51,543,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of TYL. Sequoia Financial Advisors LLC increased its holdings in Tyler Technologies by 9.5% in the second quarter. Sequoia Financial Advisors LLC now owns 890 shares of the technology company’s stock valued at $447,000 after buying an additional 77 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Tyler Technologies by 73.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 11,444 shares of the technology company’s stock valued at $5,754,000 after acquiring an additional 4,837 shares in the last quarter. Blue Trust Inc. lifted its stake in Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after purchasing an additional 56 shares during the last quarter. Rovin Capital UT ADV boosted its holdings in Tyler Technologies by 5.6% in the second quarter. Rovin Capital UT ADV now owns 1,535 shares of the technology company’s stock worth $772,000 after purchasing an additional 81 shares during the period. Finally, Raymond James & Associates increased its stake in Tyler Technologies by 5.7% during the second quarter. Raymond James & Associates now owns 32,540 shares of the technology company’s stock valued at $16,360,000 after purchasing an additional 1,749 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Up 0.5 %

Shares of NYSE:TYL opened at $628.38 on Friday. The company has a 50 day moving average of $608.09 and a 200-day moving average of $564.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market cap of $26.89 billion, a P/E ratio of 114.67, a P/E/G ratio of 5.66 and a beta of 0.76. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same period in the prior year, the firm posted $1.66 earnings per share. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $45,436,500. This represents a 7.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 3,000 shares of Tyler Technologies stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,202,504. The trade was a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,500 shares of company stock valued at $21,952,888 over the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on TYL. Needham & Company LLC lifted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays upped their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. The Goldman Sachs Group restated a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a research note on Friday, September 13th. Finally, Robert W. Baird raised their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $642.62.

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.