Stephens Inc. AR raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 287.0% in the first quarter, HoldingsChannel reports. The firm owned 11,838 shares of the technology company’s stock after acquiring an additional 8,779 shares during the period. Stephens Inc. AR’s holdings in Tyler Technologies were worth $4,053,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. DV Equities LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $27,000. Salomon & Ludwin LLC boosted its position in shares of Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after buying an additional 61 shares during the period. Elyxium Wealth LLC bought a new position in Tyler Technologies in the 4th quarter worth approximately $29,000. Advisors Asset Management Inc. bought a new position in Tyler Technologies in the 1st quarter worth approximately $38,000. Finally, Bayban acquired a new stake in Tyler Technologies in the 4th quarter valued at approximately $30,000. Institutional investors own 93.30% of the company’s stock.
Tyler Technologies Stock Performance
TYL opened at $321.85 on Wednesday. The company has a market capitalization of $13.57 billion, a PE ratio of 44.45, a P/E/G ratio of 2.12 and a beta of 0.82. The stock’s fifty day moving average is $308.53 and its 200-day moving average is $351.84. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $621.34.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $460.00 target price on shares of Tyler Technologies in a research note on Wednesday, June 10th. Truist Financial set a $440.00 price target on Tyler Technologies in a research note on Friday, May 1st. Robert W. Baird set a $455.00 price target on Tyler Technologies in a report on Friday, May 1st. Weiss Ratings downgraded shares of Tyler Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $472.38.
Read 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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