Meeder Advisory Services Inc. Acquires 134 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Meeder Advisory Services Inc. boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 15.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 983 shares of the technology company’s stock after acquiring an additional 134 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Tyler Technologies were worth $574,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TYL. Waldron Private Wealth LLC grew its holdings in shares of Tyler Technologies by 3.5% during the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock valued at $360,000 after purchasing an additional 24 shares during the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock worth $295,000 after buying an additional 29 shares in the last quarter. George Kaiser Family Foundation lifted its stake in shares of Tyler Technologies by 0.7% in the 2nd quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock valued at $2,100,000 after acquiring an additional 29 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Tyler Technologies by 2.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock valued at $804,000 after acquiring an additional 31 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Tyler Technologies by 2.4% during the 3rd quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock valued at $790,000 after acquiring an additional 32 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $599.39 on Wednesday. The firm has a 50 day moving average of $594.10 and a 200-day moving average of $549.55. The company has a market cap of $25.65 billion, a price-to-earnings ratio of 109.38, a price-to-earnings-growth ratio of 5.39 and a beta of 0.77. 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, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. During the same period last year, the company posted $1.66 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts forecast that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TYL. StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Oppenheimer lifted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Robert W. Baird upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Barclays lifted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, BTIG Research increased their price objective on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $45,436,500. This trade represents a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the business’s 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 sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $7,014,291.50. This trade represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,600 shares of company stock valued at $16,412,595 in the last three months. Corporate insiders own 1.50% 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.