Diversify Advisory Services LLC purchased a new position in Tyler Technologies, Inc. (NYSE:TYL – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 2,120 shares of the technology company’s stock, valued at approximately $670,000.
A number of other large investors have also made changes to their positions in TYL. Salomon & Ludwin LLC lifted its stake in shares of Tyler Technologies by 6,100.0% during the 4th quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after purchasing an additional 61 shares during the period. DV Equities LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at $27,000. Elyxium Wealth LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at $29,000. Bayban acquired a new position in Tyler Technologies in the fourth quarter valued at $30,000. Finally, Cornerstone Planning Group LLC increased its stake in Tyler Technologies by 3,900.0% in the fourth quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock valued at $34,000 after purchasing an additional 78 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.
Tyler Technologies Stock Performance
NYSE TYL opened at $348.26 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 1.55. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $569.27. The firm has a market capitalization of $14.26 billion, a P/E ratio of 46.19, a P/E/G ratio of 2.29 and a beta of 0.81. The business’s 50-day simple moving average is $308.32 and its 200-day simple moving average is $323.28.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on TYL shares. BTIG Research cut their price objective on shares of Tyler Technologies from $420.00 to $400.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Zacks Research raised shares of Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Guggenheim initiated coverage on shares of Tyler Technologies in a research note on Wednesday, July 22nd. They set a “buy” rating and a $440.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and set a $460.00 price target on shares of Tyler Technologies in a research note on Wednesday, June 10th. Finally, Robert W. Baird set a $455.00 price objective on shares of Tyler Technologies in a research note on Friday, May 1st. 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 a consensus price target of $456.72.
Check Out Our Latest Research Report on TYL
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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