Kovitz Investment Group Partners LLC Boosts Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Kovitz Investment Group Partners LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 36.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,410 shares of the technology company’s stock after purchasing an additional 641 shares during the period. Kovitz Investment Group Partners LLC’s holdings in Tyler Technologies were worth $1,407,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Waldron Private Wealth LLC boosted its holdings in Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock worth $360,000 after buying an additional 24 shares during the last quarter. FWG Holdings LLC raised its stake in Tyler Technologies by 3.1% in the 3rd quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock valued at $551,000 after purchasing an additional 27 shares during the last quarter. George Kaiser Family Foundation lifted its holdings in Tyler Technologies by 0.7% in the 2nd quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock valued at $2,100,000 after purchasing an additional 29 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Tyler Technologies by 2.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock worth $804,000 after purchasing an additional 31 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Tyler Technologies by 2.4% during the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock worth $790,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL opened at $617.44 on Wednesday. The firm has a 50-day simple moving average of $606.33 and a two-hundred day simple moving average of $563.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $638.56. The stock has a market cap of $26.43 billion, a PE ratio of 112.67, a P/E/G ratio of 5.64 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company 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 company earned $1.66 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analyst Ratings Changes

TYL has been the topic of a number of recent research reports. DA Davidson boosted their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays upped their price target on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Robert W. Baird lifted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JMP Securities upped their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Finally, Truist Financial reissued a “buy” rating and set a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $642.62.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred 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 sale, the insider now directly owns 6,983 shares in the company, valued at $4,424,079.65. This represents a 46.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. This trade represents a 6.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,500 shares of company stock valued at $24,835,988. Corporate insiders own 1.50% of the company’s stock.

Tyler Technologies 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.