Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Kirtland Hills Capital Management LLC

Kirtland Hills Capital Management LLC raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,684 shares of the technology company’s stock after acquiring an additional 101 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Tyler Technologies were worth $971,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TYL. Ashton Thomas Securities LLC bought a new stake in Tyler Technologies in the 3rd quarter valued at about $27,000. Sierra Ocean LLC acquired a new position in shares of Tyler Technologies in the 4th quarter worth approximately $32,000. Quarry LP acquired a new position in shares of Tyler Technologies in the third quarter worth about $78,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after buying an additional 21 shares during the period. Finally, Brooklyn Investment Group acquired a new position in shares of Tyler Technologies in the third quarter worth about $79,000. 93.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $613.75, for a total value of $4,144,040.00. Following the sale, the chief financial officer now owns 11,918 shares in the company, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,424,079.65. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,252 shares of company stock worth $9,525,365 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Up 0.5 %

Shares of TYL stock opened at $616.44 on Wednesday. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The firm’s fifty day simple moving average is $597.66 and its 200 day simple moving average is $597.22. The firm has a market capitalization of $26.52 billion, a P/E ratio of 101.72, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Truist Financial restated a “buy” rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Piper Sandler raised their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. DA Davidson restated a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $676.25.

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.