Franklin Resources Inc. Has $547.35 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Franklin Resources Inc. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 912,746 shares of the technology company's stock after buying an additional 17,943 shares during the quarter. Franklin Resources Inc. owned 2.13% of Tyler Technologies worth $547,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Waldron Private Wealth LLC increased its holdings in shares of Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company's stock valued at $360,000 after purchasing an additional 24 shares during the period. FWG Holdings LLC lifted its position in Tyler Technologies by 3.1% in the 3rd quarter. FWG Holdings LLC now owns 910 shares of the technology company's stock worth $551,000 after buying an additional 27 shares in the last quarter. George Kaiser Family Foundation boosted its stake in shares of Tyler Technologies by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company's stock valued at $2,100,000 after buying an additional 29 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Tyler Technologies by 2.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company's stock valued at $804,000 after acquiring an additional 31 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Tyler Technologies by 2.4% in the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company's stock worth $790,000 after acquiring an additional 32 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm's stock in a transaction that occurred 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 sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $45,436,500. This trade represents a 7.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,461,699.50. This represents a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,500 shares of company stock worth $21,952,888. Insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

Tyler Technologies stock traded down $16.59 on Friday, reaching $611.65. 199,972 shares of the stock were exchanged, compared to its average volume of 235,167. The stock has a market cap of $26.18 billion, a PE ratio of 111.61, a PEG ratio of 5.66 and a beta of 0.76. The firm has a fifty day moving average price of $608.72 and a two-hundred day moving average price of $565.52. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

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

Analysts Set New Price Targets

A number of research analysts have commented on the company. Oppenheimer boosted their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. DA Davidson boosted their price target on Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Piper Sandler raised their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. The Goldman Sachs Group reissued a "buy" rating and issued a $627.00 target price on shares of Tyler Technologies in a research report on Friday, September 13th. Finally, JMP Securities increased their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $642.62.

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.