Atomi Financial Group Inc. Acquires 253 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Atomi Financial Group Inc. increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 15.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,896 shares of the technology company’s stock after purchasing an additional 253 shares during the quarter. Atomi Financial Group Inc.’s holdings in Tyler Technologies were worth $1,093,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TYL. Ashton Thomas Securities LLC acquired a new stake in Tyler Technologies in the third quarter worth $27,000. Tobam bought a new position in shares of Tyler Technologies during the 3rd quarter worth about $78,000. Quarry LP acquired a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $78,000. MassMutual Private Wealth & Trust FSB increased its position in Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after buying an additional 21 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in Tyler Technologies during the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Trading Up 0.3 %

Shares of Tyler Technologies stock opened at $586.43 on Thursday. The stock has a fifty day moving average price of $598.42 and a 200-day moving average price of $585.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $25.10 billion, a PE ratio of 107.01, a P/E/G ratio of 4.42 and a beta of 0.78. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the sale, the chief financial officer now directly owns 11,918 shares in the company, valued at approximately $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,252 shares of company stock valued at $26,096,928. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Piper Sandler raised their price objective on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Needham & Company LLC restated a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday. Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, Barclays upped their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $643.77.

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.