Diversify Wealth Management LLC Increases Position in Tyler Technologies, Inc. (NYSE:TYL)

Diversify Wealth Management LLC boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,244 shares of the technology company’s stock after purchasing an additional 207 shares during the period. Diversify Wealth Management LLC’s holdings in Tyler Technologies were worth $696,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TYL. American Century Companies Inc. boosted its stake in shares of Tyler Technologies by 6.3% during the 2nd quarter. American Century Companies Inc. now owns 2,185 shares of the technology company’s stock valued at $1,099,000 after buying an additional 130 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Tyler Technologies by 10.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 157,027 shares of the technology company’s stock valued at $78,942,000 after acquiring an additional 14,595 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Tyler Technologies by 1.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,746 shares of the technology company’s stock worth $878,000 after acquiring an additional 33 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Tyler Technologies by 72.6% in the 2nd quarter. Intech Investment Management LLC now owns 3,572 shares of the technology company’s stock worth $1,796,000 after purchasing an additional 1,502 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of Tyler Technologies by 6.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,116 shares of the technology company’s stock valued at $561,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $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. Insiders sold 42,252 shares of company stock valued at $26,096,928 over the last 90 days. 1.50% of the stock is currently owned by company insiders.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $584.69 on Wednesday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $25.02 billion, a price-to-earnings ratio of 106.70, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. The business has a 50 day simple moving average of $599.03 and a 200 day simple moving average of $585.05.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the prior year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Piper Sandler boosted their price objective on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Oppenheimer upped their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. DA Davidson lifted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a report on Tuesday. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.