Barclays PLC Grows Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Barclays PLC boosted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,296 shares of the technology company's stock after acquiring an additional 2,169 shares during the period. Barclays PLC owned 0.21% of Tyler Technologies worth $51,543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Independence Bank of Kentucky bought a new stake in shares of Tyler Technologies in the 2nd quarter valued at $25,000. Ashton Thomas Securities LLC bought a new stake in Tyler Technologies during the third quarter valued at $27,000. Blue Trust Inc. grew its holdings in Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock worth $37,000 after acquiring an additional 56 shares during the period. International Assets Investment Management LLC bought a new position in shares of Tyler Technologies in the 2nd quarter worth about $61,000. Finally, Tobam bought a new position in shares of Tyler Technologies in the 3rd quarter worth about $78,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,424,079.65. This trade represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,500 shares of company stock valued at $21,952,888 over the last ninety days. Corporate insiders own 2.20% of the company's stock.

Tyler Technologies Stock Down 2.7 %

Shares of Tyler Technologies stock traded down $17.12 on Friday, hitting $611.12. The company had a trading volume of 199,967 shares, compared to its average volume of 235,167. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day moving average of $608.72 and a 200-day moving average of $565.52. The stock has a market capitalization of $26.16 billion, a price-to-earnings ratio of 111.52, a P/E/G ratio of 5.66 and a beta of 0.76.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. Tyler Technologies's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 EPS. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. DA Davidson raised their target price on Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Piper Sandler increased their price target on Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Barclays increased their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Finally, Oppenheimer raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and an average price target of $642.62.

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.