Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Torray Investment Partners LLC

Torray Investment Partners LLC raised its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,902 shares of the technology company’s stock after acquiring an additional 25 shares during the period. Torray Investment Partners LLC’s holdings in Tyler Technologies were worth $6,287,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Tyler Technologies during the 3rd quarter valued at approximately $27,000. Sierra Ocean LLC acquired a new stake in Tyler Technologies during the 4th quarter valued at approximately $32,000. Private Trust Co. NA lifted its stake in Tyler Technologies by 51.8% during the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after acquiring an additional 29 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Tyler Technologies during the 4th quarter valued at approximately $61,000. Finally, Quarry LP acquired a new stake in Tyler Technologies during the 3rd quarter valued at approximately $78,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the sale, the chief financial officer now owns 12,198 shares of the company’s stock, valued at $7,709,257.98. The trade was a 17.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction 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 sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,424,079.65. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,766 shares of company stock valued at $13,548,346 in the last 90 days. 2.20% of the stock is owned by insiders.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $605.75 on Tuesday. The firm has a market cap of $26.06 billion, a PE ratio of 99.96, a PEG ratio of 4.93 and a beta of 0.78. The firm has a fifty day moving average of $598.45 and a 200 day moving average of $597.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS 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%. As a group, research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on TYL shares. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Truist Financial reaffirmed a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.