Wilmington Savings Fund Society FSB Takes $651,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

Wilmington Savings Fund Society FSB bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,116 shares of the technology company's stock, valued at approximately $651,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock valued at $179,564,000 after purchasing an additional 307,498 shares during the period. FMR LLC boosted its stake in shares of Tyler Technologies by 94.1% during the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company's stock valued at $63,812,000 after purchasing an additional 52,984 shares in the last quarter. Westwind Capital increased its position in shares of Tyler Technologies by 7,614.0% during the third quarter. Westwind Capital now owns 46,361 shares of the technology company's stock valued at $27,062,000 after buying an additional 45,760 shares during the period. LMR Partners LLP bought a new position in Tyler Technologies in the third quarter worth about $23,383,000. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in Tyler Technologies by 626.3% in the third quarter. Robeco Institutional Asset Management B.V. now owns 42,450 shares of the technology company's stock worth $24,779,000 after buying an additional 36,605 shares during the period. Institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on TYL shares. Oppenheimer upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Truist Financial reiterated a "buy" rating and issued a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. DA Davidson boosted their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Piper Sandler increased their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and an average target price of $642.62.

Tyler Technologies Trading Up 0.4 %

NYSE:TYL traded up $2.44 during midday trading on Monday, hitting $614.09. The stock had a trading volume of 215,380 shares, compared to its average volume of 235,085. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56. The stock has a 50-day moving average of $609.38 and a 200 day moving average of $567.72. The company has a market capitalization of $26.28 billion, a price-to-earnings ratio of 112.06, a PEG ratio of 5.54 and a beta of 0.76. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

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

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 12,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at approximately $45,436,500. The trade was a 7.69 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,500 shares of company stock worth $21,952,888. Company insiders own 2.20% of the company's stock.

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.