Connors Investor Services Inc. Buys 194 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Connors Investor Services Inc. grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,208 shares of the technology company’s stock after purchasing an additional 194 shares during the quarter. Connors Investor Services Inc.’s holdings in Tyler Technologies were worth $4,733,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in TYL. Barclays PLC raised its position in shares of Tyler Technologies by 2.5% during the third quarter. Barclays PLC now owns 88,296 shares of the technology company’s stock valued at $51,543,000 after buying an additional 2,169 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Tyler Technologies during the third quarter valued at approximately $1,825,000. Wilmington Savings Fund Society FSB bought a new position in shares of Tyler Technologies in the third quarter valued at about $651,000. Tidal Investments LLC grew its holdings in Tyler Technologies by 11.2% during the 3rd quarter. Tidal Investments LLC now owns 2,412 shares of the technology company’s stock worth $1,408,000 after acquiring an additional 243 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Tyler Technologies by 2.0% in the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock worth $547,354,000 after acquiring an additional 17,943 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Up 2.5 %

Tyler Technologies stock opened at $534.53 on Wednesday. Tyler Technologies, Inc. has a fifty-two week low of $452.57 and a fifty-two week high of $661.31. The firm has a market capitalization of $23.04 billion, a PE ratio of 88.21, a P/E/G ratio of 4.93 and a beta of 0.84. The company’s 50-day moving average is $573.02 and its 200-day moving average is $593.07. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The business had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. During the same period in the previous year, the firm earned $2.20 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on 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 owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock valued at $8,688,030 in the last three months. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TYL has been the subject of several research reports. StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. DA Davidson lowered their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Wells Fargo & Company dropped their price objective on Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC restated a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Thursday, April 24th. Finally, Barclays cut their price objective on Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $674.67.

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.