PUREfi Wealth LLC Acquires New Holdings in Tyler Technologies, Inc. (NYSE:TYL)

PUREfi Wealth LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 520 shares of the technology company's stock, valued at approximately $300,000.

A number of other institutional investors also recently bought and sold shares of TYL. Adell Harriman & Carpenter Inc. purchased a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $263,000. Asset Management One Co. Ltd. lifted its position in Tyler Technologies by 4.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 33,893 shares of the technology company's stock valued at $19,841,000 after acquiring an additional 1,388 shares during the last quarter. Van ECK Associates Corp lifted its position in Tyler Technologies by 1,991.8% in the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after acquiring an additional 524,259 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Tyler Technologies by 49.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,562 shares of the technology company's stock valued at $85,953,000 after acquiring an additional 49,508 shares in the last quarter. Finally, Portfolio Design Labs LLC purchased a new position in shares of Tyler Technologies during the fourth quarter worth about $315,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

NYSE TYL traded up $4.15 during trading hours on Wednesday, hitting $644.14. 172,007 shares of the stock were exchanged, compared to its average volume of 244,916. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The stock has a 50-day moving average of $597.46 and a 200 day moving average of $595.78. The company has a market cap of $27.57 billion, a price-to-earnings ratio of 106.29, a price-to-earnings-growth ratio of 5.01 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 8.54 earnings per share for the current year.

Analyst Ratings Changes

TYL has been the subject of a number of research analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. JMP Securities raised their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a research report on Friday, October 25th. Barclays lifted their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Oppenheimer raised their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group upped their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $676.25.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the transaction, the chief financial officer now directly owns 11,918 shares in the company, valued at approximately $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction 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 trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock valued at $18,941,368 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

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.