Sei Investments Co. Boosts Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Sei Investments Co. raised its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 139,660 shares of the technology company's stock after buying an additional 3,114 shares during the quarter. Sei Investments Co. owned about 0.33% of Tyler Technologies worth $80,533,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its position in Tyler Technologies by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock worth $2,115,000 after acquiring an additional 20 shares during the last quarter. Kensington Investment Counsel LLC boosted its holdings in Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after purchasing an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after purchasing an additional 21 shares during the last quarter. Baron Wealth Management LLC grew its position in Tyler Technologies by 1.5% in the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock valued at $857,000 after purchasing an additional 22 shares in the last quarter. Finally, Choreo LLC increased its stake in Tyler Technologies by 3.9% in the 4th quarter. Choreo LLC now owns 647 shares of the technology company's stock valued at $374,000 after buying an additional 24 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently commented on TYL. DA Davidson reissued a "neutral" rating and issued a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. Barclays increased their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. 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 note on Tuesday, January 7th. Piper Sandler raised their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Truist Financial reissued a "buy" rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Four 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, the company has a consensus rating of "Moderate Buy" and an average target price of $676.25.

Tyler Technologies Stock Up 0.2 %

Shares of TYL traded up $1.13 during trading hours on Thursday, reaching $578.46. The stock had a trading volume of 162,487 shares, compared to its average volume of 240,702. The firm has a 50-day simple moving average of $599.55 and a 200 day simple moving average of $597.69. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 95.46, a P/E/G ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS 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%. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 transaction of $4,022,981.26. Following the completion of the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is owned by company insiders.

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.