Amalgamated Bank Has $5.02 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Amalgamated Bank decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,997 shares of the technology company’s stock after selling 412 shares during the period. Amalgamated Bank’s holdings in Tyler Technologies were worth $5,016,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of TYL. Robeco Institutional Asset Management B.V. boosted its stake in Tyler Technologies by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,783 shares of the technology company’s stock valued at $1,461,000 after purchasing an additional 160 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Tyler Technologies by 13.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 4,744 shares of the technology company’s stock valued at $1,832,000 after acquiring an additional 546 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Tyler Technologies by 7.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 40,001 shares of the technology company’s stock valued at $15,446,000 after acquiring an additional 2,812 shares during the period. Strs Ohio raised its holdings in Tyler Technologies by 6.5% in the 3rd quarter. Strs Ohio now owns 3,521 shares of the technology company’s stock valued at $1,359,000 after acquiring an additional 215 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its position in shares of Tyler Technologies by 4.2% in the 3rd quarter. IFM Investors Pty Ltd now owns 8,866 shares of the technology company’s stock worth $3,424,000 after acquiring an additional 359 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Brenda A. Cline sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the transaction, the director now directly owns 1,358 shares in the company, valued at approximately $623,091.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $421.27, for a total value of $1,053,175.00. Following the sale, the chief financial officer now directly owns 16,160 shares in the company, valued at $6,807,723.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares in the company, valued at $623,091.14. The disclosure for this sale can be found here. Insiders sold 58,279 shares of company stock worth $25,511,064 over the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TYL shares. Oppenheimer raised their target price on Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and issued a $500.00 target price on shares of Tyler Technologies in a report on Thursday, April 25th. DA Davidson boosted their price objective on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. raised their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Finally, Piper Sandler reiterated an “overweight” rating and set a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $492.22.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $481.38 on Wednesday. The stock has a market cap of $20.44 billion, a PE ratio of 108.91, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76. The stock has a 50-day moving average of $427.32 and a 200-day moving average of $419.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $483.83.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

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.