Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,107 shares of the technology company's stock after acquiring an additional 19,858 shares during the quarter. Wells Fargo & Company MN owned approximately 0.25% of Tyler Technologies worth $62,339,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of TYL. Larson Financial Group LLC raised its stake in Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after buying an additional 31 shares during the last quarter. Sierra Ocean LLC bought a new stake in Tyler Technologies during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. lifted its position in shares of Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. OFI Invest Asset Management purchased a new position in shares of Tyler Technologies in the fourth quarter worth $41,000. Finally, Smithfield Trust Co boosted its stake in 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 buying an additional 30 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

Several research firms have recently issued reports on TYL. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Piper Sandler increased their target price on Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Barclays lifted their target price on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $4,322,477. This represents a 46.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock worth $8,688,030 in the last ninety days. 2.20% of the stock is owned by insiders.

Tyler Technologies Trading Up 1.0 %

TYL stock traded up $5.69 during midday trading on Monday, reaching $574.23. 21,447 shares of the company's stock traded hands, compared to its average volume of 252,778. 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 company has a market capitalization of $24.75 billion, a P/E ratio of 94.76, a PEG ratio of 4.93 and a beta of 0.84. The business has a 50-day moving average price of $590.08 and a two-hundred day moving average price of $595.60. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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 forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal 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.