Gitterman Wealth Management LLC Buys 25 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Gitterman Wealth Management LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 410 shares of the technology company’s stock after purchasing an additional 25 shares during the period. Gitterman Wealth Management LLC’s holdings in Tyler Technologies were worth $236,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Entropy Technologies LP bought a new position in Tyler Technologies in the 3rd quarter valued at $463,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Tyler Technologies by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 95,789 shares of the technology company’s stock valued at $55,914,000 after acquiring an additional 1,258 shares during the last quarter. KBC Group NV increased its position in Tyler Technologies by 30.7% in the third quarter. KBC Group NV now owns 15,540 shares of the technology company’s stock worth $9,071,000 after purchasing an additional 3,646 shares during the period. Metis Global Partners LLC raised its holdings in Tyler Technologies by 4.1% during the 3rd quarter. Metis Global Partners LLC now owns 1,695 shares of the technology company’s stock worth $989,000 after purchasing an additional 66 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted 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 purchasing an additional 31 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TYL. The Goldman Sachs Group boosted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Piper Sandler increased their price target on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Barclays increased their target price on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, DA Davidson restated a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

Tyler Technologies Stock Up 1.9 %

NYSE:TYL opened at $563.81 on Friday. The stock has a 50-day simple moving average of $598.55 and a 200 day simple moving average of $598.36. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The company has a market cap of $24.25 billion, a PE ratio of 93.04, a PEG ratio of 4.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares of the company’s stock, valued at $8,606,073.08. The trade was a 9.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 in the last three months. Insiders own 2.20% of the company’s stock.

About Tyler Technologies

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.