Diversified Trust Co Buys New Shares in Tyler Technologies, Inc. (NYSE:TYL)

Diversified Trust Co purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 1,034 shares of the technology company’s stock, valued at approximately $596,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Tyler Technologies in the third quarter worth approximately $27,000. Tobam bought a new stake in shares of Tyler Technologies in the 3rd quarter worth approximately $78,000. Quarry LP purchased a new stake in shares of Tyler Technologies in the 3rd quarter valued at $78,000. Brooklyn Investment Group bought a new position in shares of Tyler Technologies during the 3rd quarter valued at $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Tyler Technologies in the 3rd quarter worth $82,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

TYL opened at $560.32 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $23.98 billion, a price-to-earnings ratio of 102.25, a price-to-earnings-growth ratio of 5.54 and a beta of 0.78. The stock has a fifty day simple moving average of $605.46 and a two-hundred day simple moving average of $579.99. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $1.66 EPS. Research analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 3,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $7,202,504. This represents a 20.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock valued at $26,096,928 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TYL. Oppenheimer raised their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. DA Davidson lifted their price target on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. 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 research note on Friday, October 25th. Needham & Company LLC raised their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $643.77.

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.