Smithfield Trust Co Has $48,000 Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Smithfield Trust Co boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 55.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 84 shares of the technology company’s stock after purchasing an additional 30 shares during the quarter. Smithfield Trust Co’s holdings in Tyler Technologies were worth $48,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TYL. Oak Thistle LLC increased its holdings in shares of Tyler Technologies by 213.7% in the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after purchasing an additional 1,586 shares during the period. Aigen Investment Management LP acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at about $1,309,000. Maiden Cove Capital LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at about $583,000. Assetmark Inc. increased its holdings in shares of Tyler Technologies by 9.4% in the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after purchasing an additional 854 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at about $569,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Up 1.4 %

Shares of TYL stock opened at $626.10 on Thursday. The stock has a market cap of $26.93 billion, a P/E ratio of 103.32, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The stock has a fifty day moving average price of $599.07 and a 200 day moving average price of $598.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last issued its 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%. Analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the transaction, the chief financial officer now directly owns 11,918 shares in the company, valued at $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares of the company’s stock, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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 report on Friday, February 14th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. DA Davidson reaffirmed a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. The Goldman Sachs Group upped their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.