Avantax Advisory Services Inc. Has $2.21 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Avantax Advisory Services Inc. lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 33.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,838 shares of the technology company’s stock after buying an additional 952 shares during the period. Avantax Advisory Services Inc.’s holdings in Tyler Technologies were worth $2,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oak Thistle LLC boosted its position in shares of Tyler Technologies by 213.7% in the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after buying an additional 1,586 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Tyler Technologies in the third quarter worth $569,000. Trustmark National Bank Trust Department purchased a new stake in shares of Tyler Technologies during the third quarter worth $1,288,000. Diversified Trust Co purchased a new stake in shares of Tyler Technologies during the fourth quarter worth $596,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Tyler Technologies by 10.6% during the third quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the technology company’s stock worth $6,053,000 after acquiring an additional 993 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Piper Sandler increased their price objective on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Barclays increased their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Trading Up 1.9 %

Shares of NYSE:TYL opened at $563.81 on Monday. The company has a market cap of $24.25 billion, a P/E ratio of 93.04, a P/E/G ratio of 4.93 and a beta of 0.80. The stock’s 50-day moving average is $598.55 and its 200-day moving average is $598.48. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current 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.