546 Shares in Tyler Technologies, Inc. (NYSE:TYL) Purchased by Portfolio Design Labs LLC

Portfolio Design Labs LLC acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 546 shares of the technology company's stock, valued at approximately $315,000.

A number of other institutional investors have also recently bought and sold shares of TYL. Ashton Thomas Securities LLC purchased a new stake in shares of Tyler Technologies in the third quarter worth approximately $27,000. Quarry LP acquired a new position in Tyler Technologies in the 3rd quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock valued at $78,000 after acquiring an additional 21 shares in the last quarter. Brooklyn Investment Group purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at $82,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

NYSE:TYL traded down $4.35 during midday trading on Friday, reaching $642.39. The stock had a trading volume of 314,107 shares, compared to its average volume of 211,429. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The firm's fifty day simple moving average is $596.21 and its 200-day simple moving average is $594.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $27.49 billion, a P/E ratio of 117.22, a PEG ratio of 4.78 and a beta of 0.78.

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 11.39% and a return on equity of 9.79%. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value 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 represents a 63.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the sale, the chief financial officer now owns 12,198 shares in the company, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,502 shares of company stock worth $18,941,368. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research reports. Needham & Company LLC reissued a "buy" rating and set a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Truist Financial reaffirmed a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research note on Friday. Piper Sandler raised their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research report on Friday. JMP Securities lifted their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research note on Friday, October 25th. Finally, Robert W. Baird lifted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $667.83.

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.