Portfolio Design Labs LLC Buys Shares of 546 Tyler Technologies, Inc. (NYSE:TYL)

Portfolio Design Labs LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 546 shares of the technology company’s stock, valued at approximately $315,000.

Several other large investors have also recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in Tyler Technologies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock valued at $645,585,000 after buying an additional 24,284 shares during the period. Franklin Resources Inc. boosted its position in shares of Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock valued at $547,354,000 after purchasing an additional 17,943 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Tyler Technologies by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock valued at $527,785,000 after purchasing an additional 36,066 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after purchasing an additional 275,511 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of Tyler Technologies by 1.7% during the 4th quarter. Swedbank AB now owns 459,850 shares of the technology company’s stock valued at $265,168,000 after purchasing an additional 7,838 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on TYL shares. Robert W. Baird raised their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. DA Davidson restated a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Oppenheimer raised their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. JMP Securities raised their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Finally, Piper Sandler raised their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $645.69.

Tyler Technologies Stock Performance

TYL stock opened at $611.01 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $26.15 billion, a P/E ratio of 111.50, a P/E/G ratio of 4.78 and a beta of 0.78. The firm has a 50 day simple moving average of $595.47 and a 200 day simple moving average of $593.32. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56.

Tyler Technologies (NYSE:TYL) last posted 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 9.79% and a net margin of 11.39%. Research analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,502 shares of company stock worth $18,941,368. 2.20% of the stock is owned by company insiders.

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.