58,241 Shares in Tyler Technologies, Inc. (NYSE:TYL) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 58,241 shares of the technology company's stock, valued at approximately $33,584,000. Proficio Capital Partners LLC owned about 0.14% of Tyler Technologies at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Tyler Technologies in the third quarter valued at about $27,000. Sierra Ocean LLC bought a new position in Tyler Technologies in the fourth quarter valued at about $32,000. Smithfield Trust Co raised its position in Tyler Technologies by 55.6% in the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after purchasing an additional 30 shares during the last quarter. Private Trust Co. NA raised its position in Tyler Technologies by 51.8% in the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock valued at $49,000 after purchasing an additional 29 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Tyler Technologies in the fourth quarter valued at about $61,000. 93.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TYL has been the subject of several research reports. Needham & Company LLC reiterated a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Barclays raised their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Piper Sandler raised their price objective on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, DA Davidson restated a "neutral" rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $676.25.

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Insider Activity

In other news, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the sale, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's 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 sale, the chief executive officer now owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Trading Down 0.0 %

TYL stock traded down $0.04 during mid-day trading on Tuesday, reaching $574.53. The company's stock had a trading volume of 270,701 shares, compared to its average volume of 239,442. The company has a market cap of $24.71 billion, a price-to-earnings ratio of 94.81, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The business's 50 day moving average price is $598.57 and its 200 day moving average price is $598.40. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31.

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