Impact Investors Inc Makes New $378,000 Investment in Tyler Technologies, Inc. (NYSE:TYL)

Impact Investors Inc acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 655 shares of the technology company’s stock, valued at approximately $378,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Ashton Thomas Securities LLC bought a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $27,000. Sierra Ocean LLC bought a new position in Tyler Technologies in the 4th quarter valued at $32,000. Quarry LP purchased a new position in shares of Tyler Technologies during the third quarter worth about $78,000. MassMutual Private Wealth & Trust FSB raised its position in Tyler Technologies by 18.4% during the fourth 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. Finally, Brooklyn Investment Group bought a new stake in shares of Tyler Technologies in the 3rd quarter worth approximately $79,000. 93.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TYL. The Goldman Sachs Group boosted their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Barclays boosted their price objective on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial reiterated a “buy” rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, DA Davidson reiterated a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $676.25.

Tyler Technologies Price Performance

TYL opened at $616.44 on Wednesday. The firm has a 50-day moving average price of $597.66 and a 200-day moving average price of $597.22. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31. The company has a market capitalization of $26.52 billion, a price-to-earnings ratio of 101.72, a PEG ratio of 4.93 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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%. Equities analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at $4,424,079.65. This represents a 46.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the completion of the sale, the chief financial officer now directly owns 12,198 shares of the company’s stock, valued at approximately $7,709,257.98. This represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,252 shares of company stock worth $9,525,365 over the last three months. Company 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 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.