WCM Investment Management LLC Buys 900 Shares of Tyler Technologies, Inc. (NYSE:TYL)

WCM Investment Management LLC increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 32.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,632 shares of the technology company's stock after purchasing an additional 900 shares during the quarter. WCM Investment Management LLC's holdings in Tyler Technologies were worth $2,098,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in TYL. Independence Bank of Kentucky acquired a new position in shares of Tyler Technologies in the second quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Tyler Technologies during the 3rd quarter valued at about $27,000. Covestor Ltd lifted its position in shares of Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company's stock worth $30,000 after buying an additional 43 shares in the last quarter. 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 in the last quarter. Finally, Lynx Investment Advisory acquired a new position in Tyler Technologies during the second quarter valued at $38,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Tyler Technologies stock traded up $6.34 on Tuesday, reaching $619.57. 234,655 shares of the stock were exchanged, compared to its average volume of 229,646. The stock has a market cap of $26.52 billion, a PE ratio of 111.88, a PEG ratio of 5.62 and a beta of 0.77. The firm has a fifty day moving average price of $591.43 and a two-hundred day moving average price of $543.44. 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, Inc. has a twelve month low of $397.80 and a twelve month high of $631.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 EPS. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,461,699.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the company'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 completion of the sale, the chief financial officer now owns 11,950 shares of the company's stock, valued at approximately $7,461,699.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction dated Wednesday, November 6th. The shares were 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 owns 75,000 shares in the company, valued at approximately $45,436,500. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,600 shares of company stock worth $19,307,295 in the last three months. Corporate insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

TYL has been the subject of several research analyst reports. Robert W. Baird increased their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. BTIG Research lifted their target price on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Needham & Company LLC upped their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Truist Financial reiterated a "buy" rating and set a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Finally, JMP Securities raised their price target on Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $642.62.

Tyler Technologies Company 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.