Assetmark Inc. Has $5.79 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Assetmark Inc. boosted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 9.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,910 shares of the technology company's stock after buying an additional 854 shares during the quarter. Assetmark Inc.'s holdings in Tyler Technologies were worth $5,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Waldron Private Wealth LLC increased its stake in Tyler Technologies by 3.5% during the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company's stock worth $360,000 after acquiring an additional 24 shares during the period. Industrial Alliance Investment Management Inc. raised its position in Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company's stock valued at $295,000 after purchasing an additional 29 shares in the last quarter. George Kaiser Family Foundation grew its stake in shares of Tyler Technologies by 0.7% during the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company's stock valued at $2,100,000 after buying an additional 29 shares during the last quarter. UMB Bank n.a. lifted its holdings in Tyler Technologies by 2.4% in the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company's stock worth $790,000 after buying an additional 32 shares during the period. Finally, Torray Investment Partners LLC raised its holdings in Tyler Technologies by 0.3% in the 2nd quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company's stock worth $5,536,000 after acquiring an additional 33 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at approximately $44,323,500. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $44,323,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Glenn A. Carter sold 3,350 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $582.57, for a total value of $1,951,609.50. Following the sale, the director now directly owns 2,654 shares in the company, valued at $1,546,140.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,600 shares of company stock valued at $19,307,295 over the last quarter. Company insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the topic of several analyst reports. Robert W. Baird upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Wells Fargo & Company raised their price target on Tyler Technologies from $580.00 to $600.00 and gave the company an "overweight" rating in a research note on Friday, July 26th. JMP Securities boosted their price target on Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a research note on Friday, October 25th. Barclays upped their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Finally, DA Davidson increased their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, Tyler Technologies has an average rating of "Moderate Buy" and an average price target of $642.62.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded up $6.34 on Tuesday, reaching $619.57. 234,655 shares of the stock were exchanged, compared to its average volume of 229,646. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $631.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm's 50 day moving average is $591.43 and its 200-day moving average is $543.44. The firm has a market cap of $26.52 billion, a PE ratio of 111.88, a P/E/G ratio of 5.62 and a beta of 0.77.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its 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 business had revenue of $543.34 million for the quarter, compared to analysts' expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 EPS. As a group, analysts anticipate that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

About Tyler Technologies

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.