Empowered Funds LLC Acquires 1,267 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Empowered Funds LLC lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 54.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,588 shares of the technology company's stock after buying an additional 1,267 shares during the quarter. Empowered Funds LLC's holdings in Tyler Technologies were worth $2,069,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TYL. Ashton Thomas Securities LLC purchased a new stake in Tyler Technologies in the third quarter valued at approximately $27,000. Quarry LP purchased a new stake 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% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock valued at $78,000 after purchasing an additional 21 shares during the period. Brooklyn Investment Group purchased a new stake in Tyler Technologies in the third quarter valued at approximately $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Tyler Technologies in the third quarter valued at approximately $82,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the transaction, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $18,941,368 in the last 90 days. Company insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $8.29 during trading on Tuesday, hitting $633.41. 120,889 shares of the stock were exchanged, compared to its average volume of 239,454. The stock's fifty day moving average is $596.62 and its 200 day moving average is $594.99. The stock has a market cap of $27.11 billion, a PE ratio of 115.59, a P/E/G ratio of 4.78 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 12 month low of $397.80 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analysts Set New Price Targets

TYL has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research report on Friday. StockNews.com raised shares of Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Friday. Needham & Company LLC reissued a "buy" rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Oppenheimer boosted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Truist Financial reissued a "buy" rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $667.83.

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.