Tyler Technologies, Inc. (NYSE:TYL) Position Raised by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1,666.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 477 shares of the technology company’s stock after purchasing an additional 450 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Tyler Technologies were worth $275,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Tyler Technologies by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock valued at $2,115,000 after buying an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after purchasing an additional 21 shares in the last quarter. Baron Wealth Management LLC grew its stake in shares of Tyler Technologies by 1.5% in the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after purchasing an additional 22 shares during the last quarter. Choreo LLC grew its stake in shares of Tyler Technologies by 3.9% in the 4th quarter. Choreo LLC now owns 647 shares of the technology company’s stock worth $374,000 after purchasing an additional 24 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its holdings in shares of Tyler Technologies by 2.2% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,123 shares of the technology company’s stock worth $648,000 after purchasing an additional 24 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 1.9 %

Tyler Technologies stock opened at $563.81 on Friday. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market cap of $24.25 billion, a PE ratio of 93.04, a P/E/G ratio of 4.93 and a beta of 0.80. The firm’s 50 day moving average price is $598.55 and its two-hundred day moving average price is $598.36.

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

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was 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 $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,064 shares of company stock worth $8,688,030. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Piper Sandler lifted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. DA Davidson restated a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $676.25.

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.