Diversified Trust Co Purchases New Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Diversified Trust Co purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,034 shares of the technology company's stock, valued at approximately $596,000.

Several other institutional investors have also recently made changes to their positions in TYL. Ashton Thomas Securities LLC purchased a new stake in Tyler Technologies during the third quarter worth $27,000. Tobam purchased a new position in Tyler Technologies in the third quarter valued at about $78,000. Quarry LP bought a new position in Tyler Technologies in the third quarter worth about $78,000. Brooklyn Investment Group purchased a new stake in shares of Tyler Technologies during the third quarter valued at about $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $82,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Performance

NYSE TYL traded down $14.90 on Friday, reaching $560.32. 229,553 shares of the company's stock traded hands, compared to its average volume of 225,642. The stock has a 50 day moving average price of $604.62 and a 200-day moving average price of $581.12. The firm has a market cap of $23.98 billion, a price-to-earnings ratio of 102.25, a P/E/G ratio of 5.54 and a beta of 0.78. 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, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.66 earnings per share. Equities research analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on TYL shares. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Truist Financial reissued a "buy" rating and issued a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $627.00 target price on shares of Tyler Technologies in a research report on Friday, September 13th. Piper Sandler raised their price target on Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Finally, DA Davidson upped 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. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and an average price target of $643.77.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total value of $3,801,300.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total value of $1,808,160.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,202,504. The trade was a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,252 shares of company stock worth $26,096,928 in the last three months. Company insiders own 2.20% of the company's stock.

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.