Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,125 shares of the technology company’s stock after purchasing an additional 197 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Tyler Technologies were worth $2,992,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independence Bank of Kentucky acquired a new position in shares of Tyler Technologies during the second quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of Tyler Technologies during the third quarter worth about $27,000. Blue Trust Inc. increased its position in shares of Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Tyler Technologies during the second quarter worth about $61,000. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Tyler Technologies by 51.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 124 shares of the technology company’s stock worth $62,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $47,355,750. The trade was a 4.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian K. Miller sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,202,504. This trade represents a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,350 shares of company stock valued at $24,361,172. Corporate insiders own 1.50% of the company’s stock.

Tyler Technologies Stock Performance

TYL opened at $622.62 on Wednesday. The company has a market capitalization of $26.65 billion, a price-to-earnings ratio of 113.62, a price-to-earnings-growth ratio of 5.66 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $637.53. The business has a 50 day moving average price of $601.74 and a two-hundred day moving average price of $559.18.

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

Analysts Set New Price Targets

TYL has been the topic of a number of analyst reports. DA Davidson lifted their target price on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Oppenheimer lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $627.00 price objective on shares of Tyler Technologies in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $642.62.

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.