Stifel Financial Corp Buys 4,204 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Stifel Financial Corp lifted its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,417 shares of the technology company's stock after acquiring an additional 4,204 shares during the quarter. Stifel Financial Corp owned approximately 0.08% of Tyler Technologies worth $19,270,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Tyler Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock worth $3,062,190,000 after acquiring an additional 62,420 shares during the period. Geode Capital Management LLC raised its stake in shares of Tyler Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock worth $654,406,000 after purchasing an additional 27,826 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Tyler Technologies by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after buying an additional 71,869 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Tyler Technologies by 3.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock valued at $541,680,000 after buying an additional 35,198 shares during the period. Finally, Norges Bank purchased a new stake in Tyler Technologies during the fourth quarter worth about $528,465,000. Institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

TYL has been the topic of several research analyst reports. Robert W. Baird dropped their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday. Wells Fargo & Company dropped their price target on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Piper Sandler cut their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research note on Friday. Truist Financial restated a "buy" rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Finally, DA Davidson dropped their price objective on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $674.67.

Tyler Technologies Stock Performance

Shares of TYL opened at $523.80 on Friday. The firm has a market capitalization of $22.58 billion, a P/E ratio of 86.44, a PEG ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a one year low of $452.57 and a one year high of $661.31. The business has a fifty day moving average of $577.35 and a 200 day moving average of $593.91.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.56 by $0.22. The business had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. During the same quarter in the previous year, the company posted $2.20 earnings per share. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This represents a 46.21 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction 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 represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,064 shares of company stock valued at $8,688,030. Insiders own 1.10% of the company's stock.

Tyler Technologies 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.

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