Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 271.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,504 shares of the technology company's stock after acquiring an additional 1,099 shares during the period. Benjamin Edwards Inc.'s holdings in Tyler Technologies were worth $878,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its stake in Tyler Technologies by 17.9% in the second quarter. QRG Capital Management Inc. now owns 776 shares of the technology company's stock valued at $390,000 after acquiring an additional 118 shares in the last quarter. SG Americas Securities LLC increased its position in Tyler Technologies by 18.3% during the second quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company's stock worth $4,081,000 after buying an additional 1,255 shares during the period. Czech National Bank increased its position in Tyler Technologies by 9.2% during the second quarter. Czech National Bank now owns 8,090 shares of the technology company's stock worth $4,067,000 after buying an additional 679 shares during the period. Quantum Financial Advisors LLC boosted its holdings in shares of Tyler Technologies by 2.0% in the second quarter. Quantum Financial Advisors LLC now owns 1,743 shares of the technology company's stock valued at $876,000 after acquiring an additional 35 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Tyler Technologies by 9.5% in the second quarter. Sequoia Financial Advisors LLC now owns 890 shares of the technology company's stock valued at $447,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 2,500 shares of the company's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the sale, the chief financial officer now 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,246,500. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,500 shares of company stock worth $27,790,888 in the last 90 days. Corporate insiders own 2.20% of the company's stock.

Tyler Technologies Price Performance

Tyler Technologies stock traded down $7.58 during midday trading on Friday, reaching $623.15. The company's stock had a trading volume of 196,958 shares, compared to its average volume of 286,578. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56. The firm has a market capitalization of $26.67 billion, a PE ratio of 113.71, a P/E/G ratio of 5.76 and a beta of 0.76. The stock's 50 day simple moving average is $604.80 and its 200 day simple moving average is $561.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.66 EPS. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on TYL. StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday. Truist Financial reaffirmed a "buy" rating and issued a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. DA Davidson raised their price target on Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Needham & Company LLC upped their price objective on Tyler Technologies from $600.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, Barclays increased their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $642.62.

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.