Fiduciary Alliance LLC Buys New Position in Tyler Technologies, Inc. (NYSE:TYL)

Fiduciary Alliance LLC acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,765 shares of the technology company's stock, valued at approximately $1,594,000.

A number of other large investors have also made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of Tyler Technologies by 252,047.5% in the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock valued at $179,564,000 after purchasing an additional 307,498 shares during the period. JPMorgan Chase & Co. boosted its position in Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after purchasing an additional 275,511 shares during the last quarter. FMR LLC increased its holdings in Tyler Technologies by 94.1% during the third quarter. FMR LLC now owns 109,319 shares of the technology company's stock worth $63,812,000 after buying an additional 52,984 shares during the last quarter. Westwind Capital lifted its stake in Tyler Technologies by 7,614.0% in the 3rd quarter. Westwind Capital now owns 46,361 shares of the technology company's stock valued at $27,062,000 after purchasing an additional 45,760 shares during the last quarter. Finally, LMR Partners LLP bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $23,383,000. Institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on TYL. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Piper Sandler boosted their price objective on Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Needham & Company LLC boosted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a "buy" rating in a research report on Tuesday, October 22nd. Oppenheimer lifted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, JMP Securities upped their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $643.77.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded up $7.96 during midday trading on Tuesday, reaching $569.97. The company had a trading volume of 156,041 shares, compared to its average volume of 215,105. The stock has a market cap of $24.39 billion, a P/E ratio of 104.01, a P/E/G ratio of 5.54 and a beta of 0.78. The company's 50 day moving average price is $603.83 and its 200 day moving average price is $582.24. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56.

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

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $45,436,500. This represents a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the transaction, the chief financial officer now owns 11,950 shares of the company's stock, valued at $7,461,699.50. This trade represents a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,252 shares of company stock valued at $26,096,928. 2.20% of the stock is owned by insiders.

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.