George Kaiser Family Foundation Has $2.10 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

George Kaiser Family Foundation lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,177 shares of the technology company’s stock after buying an additional 29 shares during the quarter. Tyler Technologies comprises 0.4% of George Kaiser Family Foundation’s portfolio, making the stock its 13th biggest holding. George Kaiser Family Foundation’s holdings in Tyler Technologies were worth $2,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its holdings in Tyler Technologies by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,437 shares of the technology company’s stock valued at $601,000 after acquiring an additional 102 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Tyler Technologies by 911.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,011 shares of the technology company’s stock worth $423,000 after buying an additional 911 shares during the period. Sapient Capital LLC bought a new stake in shares of Tyler Technologies during the fourth quarter worth approximately $291,000. National Bank of Canada FI raised its stake in shares of Tyler Technologies by 9.2% during the fourth quarter. National Bank of Canada FI now owns 9,847 shares of the technology company’s stock worth $4,020,000 after buying an additional 833 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in Tyler Technologies by 16.6% in the fourth quarter. Private Advisor Group LLC now owns 814 shares of the technology company’s stock valued at $340,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction on Thursday, August 29th. The shares were 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 $7,014,291.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,014,291.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. The disclosure for this sale can be found here. Insiders have sold 16,825 shares of company stock valued at $9,643,553 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded up $6.77 during trading on Wednesday, reaching $585.49. 18,625 shares of the company traded hands, compared to its average volume of 221,125. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $593.50. The company’s 50 day moving average is $550.75 and its two-hundred day moving average is $484.97. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $24.98 billion, a PE ratio of 130.93, a PEG ratio of 5.44 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. The firm had revenue of $540.98 million for the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 earnings per share. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.21 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on TYL shares. DA Davidson upped their target price on shares of Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Loop Capital increased their target price on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. BTIG Research lifted their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Wells Fargo & Company boosted their price objective on shares of Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group increased their target price on shares of Tyler Technologies from $515.00 to $627.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $582.31.

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.