Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1,666.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 477 shares of the technology company's stock after purchasing an additional 450 shares during the period. EverSource Wealth Advisors LLC's holdings in Tyler Technologies were worth $275,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Oak Thistle LLC boosted its holdings in shares of Tyler Technologies by 213.7% in the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company's stock valued at $1,342,000 after buying an additional 1,586 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Tyler Technologies during the third quarter worth $569,000. Trustmark National Bank Trust Department acquired a new position in shares of Tyler Technologies during the third quarter worth $1,288,000. Diversified Trust Co purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at $596,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Tyler Technologies by 10.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the technology company's stock worth $6,053,000 after purchasing an additional 993 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays increased their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company reiterated 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. StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Piper Sandler raised their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Truist Financial reissued a "buy" rating and set a $775.00 price objective (up 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $676.25.

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Tyler Technologies Stock Performance

Shares of TYL traded up $3.73 during mid-day trading on Wednesday, reaching $578.40. The company had a trading volume of 238,583 shares, compared to its average volume of 239,799. The stock has a 50 day moving average of $598.80 and a two-hundred day moving average of $598.30. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $24.88 billion, a P/E ratio of 95.44, a PEG ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data 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 10.15% and a net margin of 12.30%. On average, analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,064 shares of company stock valued at $8,688,030. Corporate 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.