Commonwealth Equity Services LLC Purchases 3,241 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Commonwealth Equity Services LLC boosted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 37.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,968 shares of the technology company's stock after purchasing an additional 3,241 shares during the period. Commonwealth Equity Services LLC's holdings in Tyler Technologies were worth $6,901,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Empowered Funds LLC increased its stake in shares of Tyler Technologies by 15.3% in the third quarter. Empowered Funds LLC now owns 2,321 shares of the technology company's stock worth $1,355,000 after buying an additional 308 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Tyler Technologies during the third quarter valued at about $569,000. PNC Financial Services Group Inc. raised its position in Tyler Technologies by 10.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the technology company's stock valued at $6,053,000 after purchasing an additional 993 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in Tyler Technologies by 2.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 11,311 shares of the technology company's stock valued at $6,602,000 after purchasing an additional 232 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at $206,000. Institutional investors own 93.30% of the company's stock.

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Analyst Ratings Changes

Several brokerages recently issued reports on TYL. Wells Fargo & Company reiterated an "equal weight" rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. DA Davidson reissued a "neutral" rating and issued a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. The Goldman Sachs Group raised their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $676.25.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. This trade represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 in the last three months. Corporate insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

Shares of TYL stock traded up $9.25 on Monday, reaching $575.64. The stock had a trading volume of 244,611 shares, compared to its average volume of 240,981. The stock has a market cap of $24.81 billion, a P/E ratio of 94.99, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The company has a 50 day simple moving average of $598.88 and a 200 day simple moving average of $598.02.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results 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 net margin of 12.30% and a return on equity of 10.15%. Equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.