OLD National Bancorp IN purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 734 shares of the technology company’s stock, valued at approximately $260,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TYL. American Century Companies Inc. grew its holdings in Tyler Technologies by 13.1% during the first quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock valued at $591,000 after purchasing an additional 154 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in Tyler Technologies by 69.1% during the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock valued at $1,082,000 after purchasing an additional 993 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Tyler Technologies by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock valued at $2,439,000 after purchasing an additional 340 shares during the last quarter. Raymond James Trust N.A. grew its holdings in Tyler Technologies by 4.3% during the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock valued at $466,000 after purchasing an additional 43 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Tyler Technologies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after purchasing an additional 934 shares during the last quarter. Institutional investors and hedge funds own 90.00% of the company’s stock.
Tyler Technologies Stock Down 1.0 %
Shares of TYL stock opened at $412.31 on Wednesday. The stock has a market cap of $17.28 billion, a P/E ratio of 112.65 and a beta of 0.83. Tyler Technologies, Inc. has a one year low of $281.11 and a one year high of $425.80. The stock has a fifty day moving average price of $393.51 and a 200 day moving average price of $353.56. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.89 and a quick ratio of 0.89.
Insider Buying and Selling at Tyler Technologies
In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 4,905 shares of Tyler Technologies stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 85,000 shares of the company’s stock, valued at $32,249,850. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 4,905 shares of Tyler Technologies stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 85,000 shares of the company’s stock, valued at $32,249,850. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mary L. Landrieu sold 325 shares of Tyler Technologies stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $388.44, for a total value of $126,243.00. Following the completion of the transaction, the director now directly owns 1,786 shares of the company’s stock, valued at $693,753.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 33,230 shares of company stock valued at $12,830,829. 2.20% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on TYL shares. DA Davidson downgraded shares of Tyler Technologies from a “buy” rating to a “neutral” rating and set a $395.00 price objective on the stock. in a research note on Friday, April 28th. Barclays raised their price objective on shares of Tyler Technologies from $370.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Friday, April 28th. Robert W. Baird raised their price objective on shares of Tyler Technologies from $440.00 to $470.00 and gave the stock an “outperform” rating in a research note on Friday, April 28th. Wells Fargo & Company raised their price objective on shares of Tyler Technologies from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Friday, April 28th. Finally, Credit Suisse Group raised their price objective on shares of Tyler Technologies from $370.00 to $376.00 in a research note on Monday, May 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $438.00.
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 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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