Baker Tilly Wealth Management LLC increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL – Get Rating) by 6.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,709 shares of the technology company’s stock after purchasing an additional 102 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Tyler Technologies were worth $606,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Lindbrook Capital LLC boosted its stake in shares of Tyler Technologies by 105.4% during the 4th quarter. Lindbrook Capital LLC now owns 76 shares of the technology company’s stock worth $25,000 after purchasing an additional 39 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Tyler Technologies by 105.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 82 shares of the technology company’s stock worth $29,000 after purchasing an additional 42 shares during the period. Ruedi Wealth Management Inc. purchased a new position in shares of Tyler Technologies during the 4th quarter worth about $31,000. Belpointe Asset Management LLC bought a new stake in Tyler Technologies during the 4th quarter valued at about $33,000. Finally, CI Investments Inc. lifted its holdings in Tyler Technologies by 136.7% during the 4th quarter. CI Investments Inc. now owns 116 shares of the technology company’s stock valued at $37,000 after buying an additional 67 shares in the last quarter. 90.00% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
TYL has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price objective on shares of Tyler Technologies from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, April 28th. DA Davidson lowered shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $395.00 price objective for the company. in a report on Friday, April 28th. Wolfe Research lifted their price objective on shares of Tyler Technologies from $365.00 to $425.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Barclays lifted their price objective on shares of Tyler Technologies from $370.00 to $415.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Finally, The Goldman Sachs Group upgraded shares of Tyler Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $301.00 to $424.00 in a report on Tuesday, April 18th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $438.00.
Tyler Technologies Trading Down 0.6 %
Tyler Technologies (NYSE:TYL – Get Rating) last posted its quarterly earnings data on Wednesday, April 26th. The technology company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). The firm had revenue of $471.85 million for the quarter, compared to the consensus estimate of $473.66 million. Tyler Technologies had a return on equity of 9.02% and a net margin of 8.31%. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 5.6 EPS for the current fiscal year.
Insiders Place Their Bets
In other Tyler Technologies news, Director Mary L. Landrieu sold 325 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $388.44, for a total transaction of $126,243.00. Following the sale, the director now owns 1,786 shares of the company’s stock, valued at approximately $693,753.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Tyler Technologies news, Director Mary L. Landrieu sold 325 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $388.44, for a total transaction of $126,243.00. Following the sale, the director now owns 1,786 shares of the company’s stock, valued at approximately $693,753.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 4,905 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $379.41, for a total transaction of $1,861,006.05. Following the sale, the chief executive officer now directly owns 85,000 shares in the company, valued at approximately $32,249,850. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,230 shares of company stock valued at $12,830,829. Insiders own 2.20% 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 financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; student information and transportation solutions for K-12 schools; and financial management systems.
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