Baron Wealth Management LLC Has $857,000 Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Baron Wealth Management LLC lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,487 shares of the technology company’s stock after purchasing an additional 22 shares during the quarter. Baron Wealth Management LLC’s holdings in Tyler Technologies were worth $857,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, CFO Brian K. Miller sold 3,000 shares of Tyler Technologies stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,202,504. The trade was a 20.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock valued at $26,096,928 over the last quarter. Company insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TYL. Needham & Company LLC reissued a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. Truist Financial reissued a “buy” rating and set a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Oppenheimer upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Piper Sandler boosted their price objective on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, JMP Securities raised their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $643.77.

Tyler Technologies Price Performance

NYSE TYL opened at $608.09 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $26.03 billion, a PE ratio of 110.97, a price-to-earnings-growth ratio of 4.55 and a beta of 0.78. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56. The firm’s 50-day simple moving average is $598.59 and its two-hundred day simple moving average is $588.22.

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.