Commonwealth Equity Services LLC Buys 3,544 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Commonwealth Equity Services LLC raised its stake in Tyler Technologies, Inc. (NYSE:TYL) by 119.2% in the first quarter, Holdings Channel reports. The firm owned 6,517 shares of the technology company’s stock after acquiring an additional 3,544 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Tyler Technologies were worth $2,770,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TYL. International Assets Investment Management LLC lifted its position in shares of Tyler Technologies by 41,712.0% in the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock valued at $21,853,000 after buying an additional 52,140 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in Tyler Technologies by 26.8% during the 4th quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock worth $5,842,000 after purchasing an additional 2,951 shares during the last quarter. APG Asset Management US Inc. acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $57,493,000. Raymond James Trust N.A. raised its holdings in Tyler Technologies by 4.9% in the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock valued at $633,000 after acquiring an additional 71 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in Tyler Technologies by 4.6% in the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after acquiring an additional 115 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 800 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the sale, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at $6,104,110.08. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total value of $2,899,260.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 800 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the transaction, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at $6,104,110.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,241 shares of company stock valued at $12,495,890. 1.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TYL. BTIG Research lifted their price objective on Tyler Technologies from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Loop Capital lifted their price target on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Robert W. Baird lifted their price target on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Oppenheimer lifted their price target on Tyler Technologies from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. Finally, Needham & Company LLC lifted their price target on Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $519.09.

Tyler Technologies Trading Down 0.1 %

Shares of NYSE:TYL traded down $0.69 during midday trading on Friday, reaching $507.87. The company’s stock had a trading volume of 34,110 shares, compared to its average volume of 219,597. The firm has a market capitalization of $21.56 billion, a price-to-earnings ratio of 115.06, a PEG ratio of 4.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50 day moving average price of $482.96 and a two-hundred day moving average price of $444.03. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $519.44.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The company had revenue of $512.36 million for the quarter, compared to the consensus estimate of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, analysts forecast that Tyler Technologies, Inc. will post 7.1 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.