456 Shares in Tyler Technologies, Inc. (NYSE:TYL) Bought by Adell Harriman & Carpenter Inc.

Adell Harriman & Carpenter Inc. 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 disclosure with the Securities and Exchange Commission. The institutional investor acquired 456 shares of the technology company's stock, valued at approximately $263,000.

A number of other hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Tyler Technologies during the 3rd quarter worth approximately $27,000. Quarry LP bought a new position in Tyler Technologies in the third quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB grew its holdings in Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after acquiring an additional 21 shares during the period. Brooklyn Investment Group bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at $82,000. 93.30% of the stock is currently owned by institutional investors.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the company's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the transaction, the chief financial officer now directly owns 12,198 shares in the company, valued at $7,709,257.98. This represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $18,941,368 over the last three months. 1.50% of the stock is owned by company insiders.

Tyler Technologies Stock Performance

Shares of TYL traded up $4.15 during midday trading on Wednesday, reaching $644.14. 170,405 shares of the stock were exchanged, compared to its average volume of 244,866. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31. The company has a market cap of $27.57 billion, a P/E ratio of 106.29, a PEG ratio of 5.01 and a beta of 0.78. The stock's 50 day simple moving average is $596.62 and its 200 day simple moving average is $594.99. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.54 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TYL shares. Robert W. Baird lifted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday. Truist Financial reiterated a "buy" rating and issued a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. DA Davidson reissued a "neutral" rating and set a $575.00 price objective on shares of Tyler Technologies in a research note on Thursday, January 30th. Finally, JMP Securities upped their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $676.25.

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.