Vanguard Group Inc. Acquires 62,420 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Vanguard Group Inc. boosted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,310,401 shares of the technology company's stock after purchasing an additional 62,420 shares during the period. Vanguard Group Inc. owned about 12.41% of Tyler Technologies worth $3,062,190,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TYL. Larson Financial Group LLC lifted its stake in shares of Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after acquiring an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new position in Tyler Technologies in the 4th quarter worth about $32,000. OFI Invest Asset Management bought a new position in Tyler Technologies in the fourth quarter valued at about $41,000. Smithfield Trust Co boosted its stake in shares of Tyler Technologies by 55.6% during the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after purchasing an additional 30 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Tyler Technologies by 51.8% during the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock worth $49,000 after purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on 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 directly owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by corporate insiders.

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Tyler Technologies Stock Up 0.2 %

Shares of NYSE:TYL traded up $0.99 during trading on Friday, reaching $579.39. 297,612 shares of the stock were exchanged, compared to its average volume of 248,500. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The stock has a fifty day moving average of $599.76 and a two-hundred day moving average of $597.63. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market cap of $24.98 billion, a price-to-earnings ratio of 95.61, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. DA Davidson reiterated a "neutral" rating and issued a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Barclays raised their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and a consensus price target of $676.25.

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.