Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,881 shares of the technology company’s stock after buying an additional 101 shares during the quarter. Wellington Management Group LLP’s holdings in Tyler Technologies were worth $1,885,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. American Century Companies Inc. increased its position in shares of Tyler Technologies by 12.9% in the 3rd quarter. American Century Companies Inc. now owns 1,955 shares of the technology company’s stock worth $755,000 after purchasing an additional 223 shares during the last quarter. Quantum Financial Advisors LLC acquired a new position in Tyler Technologies in the third quarter worth about $652,000. EP Wealth Advisors LLC bought a new stake in Tyler Technologies in the third quarter valued at about $261,000. Comerica Bank acquired a new stake in Tyler Technologies during the third quarter valued at approximately $5,433,000. Finally, Carlson Capital Management bought a new position in Tyler Technologies during the 3rd quarter worth approximately $209,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.6 %

TYL opened at $420.47 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. Tyler Technologies, Inc. has a 12 month low of $327.25 and a 12 month high of $454.74. The stock’s 50 day moving average price is $430.35 and its 200 day moving average price is $410.60. The stock has a market cap of $17.78 billion, a P/E ratio of 108.09, a P/E/G ratio of 4.14 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The company had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. As a group, research analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the transaction, the chief financial officer now directly owns 14,610 shares in the company, valued at $6,472,083.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CFO Brian K. Miller sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $442.99, for a total value of $2,214,950.00. Following the sale, the chief financial officer now owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $421.19, for a total value of $778,780.31. Following the transaction, the chief executive officer now directly owns 79,502 shares of the company’s stock, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,608 shares of company stock valued at $21,974,819. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research analyst reports. Needham & Company LLC upped their price target on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. increased their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a report on Friday, February 16th. Piper Sandler increased their price objective on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Finally, DA Davidson raised their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $457.86.

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.