Oak Thistle LLC Acquires 1,586 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Oak Thistle LLC grew its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 213.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,328 shares of the technology company's stock after acquiring an additional 1,586 shares during the period. Oak Thistle LLC's holdings in Tyler Technologies were worth $1,342,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock worth $179,564,000 after purchasing an additional 307,498 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares during the period. FMR LLC increased its holdings in Tyler Technologies by 94.1% during the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company's stock worth $63,812,000 after purchasing an additional 52,984 shares in the last quarter. Westwind Capital boosted its position in shares of Tyler Technologies by 7,614.0% during the third quarter. Westwind Capital now owns 46,361 shares of the technology company's stock worth $27,062,000 after buying an additional 45,760 shares during the period. Finally, LMR Partners LLP bought a new position in shares of Tyler Technologies during the third quarter worth about $23,383,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Analysts Set New Price Targets

TYL has been the topic of a number of recent research reports. JMP Securities lifted their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a report on Friday, October 25th. Robert W. Baird upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Piper Sandler raised their price target on Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Oppenheimer increased their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Truist Financial reaffirmed a "buy" rating and set a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $643.77.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the firm's 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 sale, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 3,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,202,504. The trade was a 20.07 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,252 shares of company stock valued at $26,096,928. 1.50% of the stock is currently owned by corporate insiders.

Tyler Technologies Price Performance

Shares of NYSE TYL traded up $1.49 during mid-day trading on Wednesday, reaching $571.76. The company had a trading volume of 186,896 shares, compared to its average volume of 211,966. The firm has a market cap of $24.47 billion, a price-to-earnings ratio of 104.34, a PEG ratio of 5.54 and a beta of 0.78. The business's 50-day simple moving average is $603.11 and its 200 day simple moving average is $582.71. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56. 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 (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million during the quarter, compared to analysts' expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.66 EPS. On average, research analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

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.