Tyler Technologies, Inc. (NYSE:TYL) Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 148.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 461,469 shares of the technology company's stock after buying an additional 275,511 shares during the period. JPMorgan Chase & Co. owned approximately 1.08% of Tyler Technologies worth $269,369,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TYL. Signaturefd LLC grew its position in Tyler Technologies by 18.0% in the second quarter. Signaturefd LLC now owns 524 shares of the technology company's stock valued at $263,000 after acquiring an additional 80 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Tyler Technologies during the 2nd quarter valued at $61,000. Farther Finance Advisors LLC increased its stake in Tyler Technologies by 1,575.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 972 shares of the technology company's stock worth $486,000 after buying an additional 914 shares during the period. Waldron Private Wealth LLC lifted its holdings in Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company's stock worth $360,000 after buying an additional 24 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in Tyler Technologies by 6.2% in the 2nd quarter. Natixis Advisors LLC now owns 35,177 shares of the technology company's stock valued at $17,687,000 after buying an additional 2,060 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 3,000 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 11,950 shares of the company's stock, valued at $7,202,504. This trade represents a 20.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at $45,436,500. The trade was a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,252 shares of company stock valued at $26,096,928. Insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $2.40 on Tuesday, reaching $576.64. 140,425 shares of the company's stock were exchanged, compared to its average volume of 234,590. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56. The business's 50-day moving average is $609.80 and its two-hundred day moving average is $576.61. 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 has a market capitalization of $24.68 billion, a price-to-earnings ratio of 105.23, a PEG ratio of 5.54 and a beta of 0.76.

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

Analyst Ratings Changes

TYL has been the topic of a number of analyst reports. Barclays lifted their target price on Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Truist Financial restated a "buy" rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. JMP Securities upped their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research report on Friday, October 25th. StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.