Corient Private Wealth LLC Has $5.96 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Corient Private Wealth LLC raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 83.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,332 shares of the technology company’s stock after purchasing an additional 4,712 shares during the period. Corient Private Wealth LLC’s holdings in Tyler Technologies were worth $5,958,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TYL. Geode Capital Management LLC lifted its position in shares of Tyler Technologies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock valued at $645,585,000 after acquiring an additional 24,284 shares during the period. Franklin Resources Inc. lifted its position in shares of Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock valued at $547,354,000 after acquiring an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Tyler Technologies by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock valued at $527,785,000 after acquiring an additional 36,066 shares during the period. Van ECK Associates Corp lifted its position in shares of Tyler Technologies by 1,991.8% during the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock valued at $317,486,000 after acquiring an additional 524,259 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after acquiring an additional 275,511 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on TYL. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Barclays boosted their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group boosted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Piper Sandler boosted their price target on shares of Tyler Technologies from $701.00 to $747.00 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 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $676.25.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 75,734 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now 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. Over the last 90 days, insiders sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is owned by company insiders.

Tyler Technologies Stock Performance

NYSE TYL opened at $566.56 on Friday. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of 93.49, a PEG ratio of 4.93 and a beta of 0.80. The company has a fifty day moving average price of $598.88 and a 200-day moving average price of $597.81.

Tyler Technologies (NYSE:TYL) last posted its earnings results 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%. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.