B. Metzler seel. Sohn & Co. Holding AG Makes New Investment in Tyler Technologies, Inc. (NYSE:TYL)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the third quarter, Holdings Channel reports. The firm purchased 974 shares of the technology company’s stock, valued at approximately $569,000.

A number of other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Tyler Technologies during the 3rd quarter worth $27,000. Independence Bank of Kentucky purchased a new stake in shares of Tyler Technologies during the second quarter worth about $25,000. Blue Trust Inc. grew its stake in shares of Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Lynx Investment Advisory acquired a new position in shares of Tyler Technologies during the second quarter valued at about $38,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Tyler Technologies in the 2nd quarter valued at approximately $61,000. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,014,291.50. This represents a 17.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Glenn A. Carter sold 3,350 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total value of $1,951,609.50. Following the completion of the sale, the director now directly owns 2,654 shares in the company, valued at approximately $1,546,140.78. The trade was a 55.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,600 shares of company stock valued at $16,412,595. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TYL shares. Piper Sandler boosted their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC boosted their price objective 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. Barclays upped their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a research report on Friday, September 13th. Finally, Oppenheimer 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. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Stock Up 2.0 %

Shares of TYL opened at $609.09 on Monday. The company has a market capitalization of $26.07 billion, a price-to-earnings ratio of 111.15, a PEG ratio of 5.41 and a beta of 0.77. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43. The stock’s 50-day moving average price is $595.22 and its 200-day moving average price is $552.15. 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) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 EPS. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

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.