Oppenheimer Asset Management Inc. purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 25,904 shares of the technology company’s stock, valued at approximately $7,576,000.
Other large investors have also recently bought and sold shares of the company. Tema ETFs LLC raised its stake in Tyler Technologies by 69.5% during the second quarter. Tema ETFs LLC now owns 873 shares of the technology company’s stock worth $255,000 after acquiring an additional 358 shares in the last quarter. Generali Investments Management Co LLC boosted its stake in shares of Tyler Technologies by 53.4% in the 2nd quarter. Generali Investments Management Co LLC now owns 3,487 shares of the technology company’s stock valued at $1,020,000 after purchasing an additional 1,214 shares in the last quarter. West Financial Advisors LLC boosted its stake in shares of Tyler Technologies by 15.9% in the 2nd quarter. West Financial Advisors LLC now owns 1,680 shares of the technology company’s stock valued at $491,000 after purchasing an additional 231 shares in the last quarter. Czech National Bank boosted its stake in shares of Tyler Technologies by 2.4% in the 2nd quarter. Czech National Bank now owns 12,002 shares of the technology company’s stock valued at $3,510,000 after purchasing an additional 284 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of Tyler Technologies by 4.8% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 4,380 shares of the technology company’s stock worth $1,281,000 after purchasing an additional 200 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.
Tyler Technologies Stock Down 0.0%
NYSE:TYL opened at $328.81 on Friday. The stock’s fifty day moving average price is $305.56 and its two-hundred day moving average price is $325.81. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $578.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $13.46 billion, a price-to-earnings ratio of 43.61, a P/E/G ratio of 2.17 and a beta of 0.81.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. UBS Group set a $395.00 price target on shares of Tyler Technologies in a research report on Saturday, August 1st. BTIG Research decreased their price objective on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Guggenheim began coverage on shares of Tyler Technologies in a report on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price objective for the company. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Tyler Technologies in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $456.72.
Get Our Latest Analysis on Tyler Technologies
Tyler Technologies Profile
Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.
Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.
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