Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 33.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,838 shares of the technology company's stock after acquiring an additional 952 shares during the period. Avantax Advisory Services Inc.'s holdings in Tyler Technologies were worth $2,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC raised its holdings in Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after purchasing an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at about $32,000. OFI Invest Asset Management purchased a new position in Tyler Technologies during the 4th quarter valued at about $41,000. Smithfield Trust Co lifted its holdings in shares of Tyler Technologies by 55.6% in the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after purchasing an additional 30 shares in the last quarter. Finally, Private Trust Co. NA grew its position in shares of Tyler Technologies by 51.8% in the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock valued at $49,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Trading Down 1.7 %

Shares of NYSE TYL traded down $9.86 during midday trading on Thursday, hitting $568.19. The stock had a trading volume of 215,855 shares, compared to its average volume of 260,410. 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, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The company has a market capitalization of $24.44 billion, a price-to-earnings ratio of 93.76, a PEG ratio of 4.93 and a beta of 0.80. The company has a fifty day moving average price of $598.88 and a 200 day moving average price of $598.17.

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Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results 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, analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TYL shares. Barclays lifted their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and set a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. DA Davidson reiterated a "neutral" rating and issued a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Truist Financial restated a "buy" rating and set a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $676.25.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the transaction, the chief financial officer now owns 14,026 shares in the company, valued at $8,606,073.08. This represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,064 shares of company stock valued at $8,688,030. Corporate insiders own 2.20% of the company's stock.

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.