LPL Financial LLC Purchases 2,204 Shares of Tyler Technologies, Inc. (NYSE:TYL)

LPL Financial LLC grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,363 shares of the technology company's stock after acquiring an additional 2,204 shares during the quarter. LPL Financial LLC's holdings in Tyler Technologies were worth $7,706,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. FMR LLC increased its stake in shares of Tyler Technologies by 94.1% in the third quarter. FMR LLC now owns 109,319 shares of the technology company's stock valued at $63,812,000 after purchasing an additional 52,984 shares during the period. Public Sector Pension Investment Board raised its stake in Tyler Technologies by 18.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,932 shares of the technology company's stock valued at $1,128,000 after acquiring an additional 300 shares in the last quarter. Benjamin Edwards Inc. raised its stake in Tyler Technologies by 271.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,504 shares of the technology company's stock valued at $878,000 after acquiring an additional 1,099 shares in the last quarter. Investment Management Corp of Ontario boosted its position in Tyler Technologies by 55.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 1,405 shares of the technology company's stock worth $820,000 after acquiring an additional 500 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Tyler Technologies during the third quarter valued at $876,000. Institutional investors and hedge funds own 93.30% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Truist Financial reaffirmed a "buy" rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Barclays upped their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. The Goldman Sachs Group raised their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Wells Fargo & Company reissued an "equal weight" rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, StockNews.com upgraded Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock valued at $8,688,030 in the last three months. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Trading Down 1.2 %

TYL traded down $6.80 during trading on Thursday, reaching $558.18. The company had a trading volume of 414,004 shares, compared to its average volume of 253,581. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The company has a market cap of $24.06 billion, a price-to-earnings ratio of 92.11, a PEG ratio of 4.93 and a beta of 0.84. The firm's 50-day simple moving average is $590.89 and its 200 day simple moving average is $595.57.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.