Greenup Street Wealth Management LLC Acquires Shares of 8,931 Tyler Technologies, Inc. (NYSE:TYL)

Greenup Street Wealth Management LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,931 shares of the technology company's stock, valued at approximately $5,150,000. Tyler Technologies accounts for about 1.0% of Greenup Street Wealth Management LLC's investment portfolio, making the stock its 26th largest holding.

Other institutional investors also recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in Tyler Technologies by 346.6% during the 4th quarter. Pacer Advisors Inc. now owns 14,096 shares of the technology company's stock valued at $8,128,000 after buying an additional 10,940 shares in the last quarter. KBC Group NV lifted its stake in Tyler Technologies by 15.1% in the 4th quarter. KBC Group NV now owns 17,884 shares of the technology company's stock worth $10,313,000 after purchasing an additional 2,344 shares in the last quarter. Blue Trust Inc. boosted its holdings in Tyler Technologies by 14.4% in the 4th quarter. Blue Trust Inc. now owns 445 shares of the technology company's stock valued at $260,000 after purchasing an additional 56 shares during the period. SG Americas Securities LLC increased its holdings in shares of Tyler Technologies by 19.9% in the fourth quarter. SG Americas Securities LLC now owns 1,460 shares of the technology company's stock worth $842,000 after purchasing an additional 242 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in Tyler Technologies by 0.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 18,387 shares of the technology company's stock valued at $10,603,000 after buying an additional 56 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TYL. Barclays upped their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Piper Sandler lifted their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Robert W. Baird lifted 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. 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. Finally, Truist Financial reaffirmed a "buy" rating and issued a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $643.77.

Tyler Technologies Stock Up 2.2 %

Shares of NYSE:TYL traded up $13.20 during trading on Tuesday, hitting $620.58. The stock had a trading volume of 143,862 shares, compared to its average volume of 214,030. The company has a market capitalization of $26.56 billion, a PE ratio of 112.96, a PEG ratio of 4.55 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm's fifty day moving average is $598.04 and its 200 day moving average is $587.39. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 3,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the sale, the chief financial officer now owns 11,950 shares of the company's stock, valued at $7,202,504. The trade was a 20.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,252 shares of company stock valued at $26,096,928. Company 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.