397 Shares in Tyler Technologies, Inc. (NYSE:TYL) Bought by Tectonic Advisors LLC

Tectonic Advisors LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 397 shares of the technology company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TYL. Sanctuary Advisors LLC bought a new position in shares of Tyler Technologies during the second quarter worth about $1,237,000. Czech National Bank raised its holdings in Tyler Technologies by 7.4% during the 3rd quarter. Czech National Bank now owns 8,692 shares of the technology company’s stock worth $5,074,000 after purchasing an additional 602 shares during the last quarter. Atomi Financial Group Inc. lifted its position in shares of Tyler Technologies by 20.2% in the 3rd quarter. Atomi Financial Group Inc. now owns 1,643 shares of the technology company’s stock worth $959,000 after purchasing an additional 276 shares during the period. Wedmont Private Capital acquired a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $231,000. Finally, USA Financial Formulas bought a new stake in shares of Tyler Technologies in the 3rd quarter valued at $1,050,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Trading Down 0.0 %

Shares of Tyler Technologies stock opened at $615.73 on Friday. The company has a market capitalization of $26.35 billion, a P/E ratio of 112.36, a price-to-earnings-growth ratio of 4.67 and a beta of 0.78. The stock has a fifty day simple moving average of $596.94 and a 200 day simple moving average of $591.20. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 3,250 shares of Tyler Technologies 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 owns 75,000 shares of the company’s stock, valued at $47,355,750. This trade represents a 4.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the completion of the transaction, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. The trade was a 36.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $18,941,368 in the last quarter. 1.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Truist Financial restated a “buy” rating and issued a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Robert W. Baird raised their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. DA Davidson reiterated a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Barclays increased their price target on Tyler Technologies from $700.00 to $705.00 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, the company has an average rating of “Moderate Buy” and a consensus target price of $645.69.

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.