Oak Thistle LLC Purchases 1,586 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Oak Thistle LLC lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 213.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,328 shares of the technology company’s stock after buying an additional 1,586 shares during the period. Oak Thistle LLC’s holdings in Tyler Technologies were worth $1,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Ashton Thomas Securities LLC purchased a new stake in Tyler Technologies during the third quarter valued at approximately $27,000. Tobam bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at $78,000. Quarry LP purchased a new stake in shares of Tyler Technologies in the 3rd quarter worth $78,000. Brooklyn Investment Group bought a new position in Tyler Technologies in the 3rd quarter worth $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Tyler Technologies during the third quarter valued at $82,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE:TYL opened at $569.97 on Wednesday. The company has a market cap of $24.39 billion, a price-to-earnings ratio of 104.01, a PEG ratio of 5.54 and a beta of 0.78. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56. The stock’s 50 day simple moving average is $603.11 and its two-hundred day simple moving average is $582.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

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

Insider Activity

In other Tyler Technologies news, CFO Brian K. Miller sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,202,504. The trade was a 20.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $45,436,500. The trade was a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,252 shares of company stock worth $26,096,928. 1.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. Robert W. Baird upped their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Piper Sandler raised their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Oppenheimer raised their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Needham & Company LLC upped their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $643.77.

Tyler Technologies 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.