Veriti Management LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL – Get Rating) by 17.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 824 shares of the technology company's stock after purchasing an additional 121 shares during the period. Veriti Management LLC's holdings in Tyler Technologies were worth $274,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new position in Tyler Technologies during the first quarter valued at about $30,000. Standard Family Office LLC bought a new position in Tyler Technologies during the first quarter valued at about $49,000. Aaron Wealth Advisors LLC bought a new position in Tyler Technologies during the first quarter valued at about $51,000. Prospera Financial Services Inc bought a new position in Tyler Technologies during the first quarter valued at about $58,000. Finally, NuWave Investment Management LLC bought a new position in Tyler Technologies during the second quarter valued at about $73,000. Institutional investors and hedge funds own 89.42% of the company's stock.
Get Tyler Technologies alerts:Analysts Set New Price Targets
TYL has been the topic of several recent research reports. Piper Sandler raised their target price on Tyler Technologies from $405.00 to $468.00 and gave the company an "overweight" rating in a report on Friday, July 29th. DA Davidson lifted their price objective on Tyler Technologies to $460.00 in a research note on Tuesday, August 9th. Robert W. Baird dropped their price objective on Tyler Technologies from $600.00 to $500.00 in a research note on Friday, July 29th. Wells Fargo & Company upgraded Tyler Technologies from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $425.00 to $435.00 in a research note on Tuesday, June 7th. Finally, Barclays dropped their price objective on Tyler Technologies from $445.00 to $370.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 12th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Tyler Technologies has an average rating of "Moderate Buy" and a consensus price target of $470.55.
Tyler Technologies Stock Up 0.2 %
NYSE TYL opened at $347.70 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.50. The stock's 50 day moving average is $380.56 and its two-hundred day moving average is $375.05. The company has a market capitalization of $14.46 billion, a price-to-earnings ratio of 82.59 and a beta of 0.91. Tyler Technologies, Inc. has a 1-year low of $300.85 and a 1-year high of $557.55.Tyler Technologies (NYSE:TYL – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The technology company reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.07. The company had revenue of $468.70 million for the quarter, compared to the consensus estimate of $458.50 million. Tyler Technologies had a return on equity of 10.26% and a net margin of 9.84%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 earnings per share. Equities analysts forecast that Tyler Technologies, Inc. will post 5.52 earnings per share for the current fiscal year.
Insider Buying and Selling at Tyler Technologies
In other Tyler Technologies news, COO Jeffrey David Puckett sold 3,906 shares of Tyler Technologies stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $390.15, for a total transaction of $1,523,925.90. Following the sale, the chief operating officer now directly owns 3,569 shares of the company's stock, valued at $1,392,445.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company's stock.
Tyler Technologies Company Profile
(Get Rating)
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It 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; and student information and transportation solutions for K-12 schools.
Read More
- Get a free copy of the StockNews.com research report on Tyler Technologies (TYL)
- Humana Proves Vertically Integrated Healthcare Works
- 2 Casino Stocks Worth Taking a Look At
- This Small-Cap Healthcare Name Is Outperforming Its Index
- What Cintas Can Teach Investors About This Bear Market?
- Blackberry Stock Declines As Results Come In Lukewarm Once Again
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.