Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP lifted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 8.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,475 shares of the technology company’s stock after acquiring an additional 11,235 shares during the period. Wellington Management Group LLP owned 0.35% of Tyler Technologies worth $87,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Swedbank AB acquired a new stake in Tyler Technologies during the second quarter valued at approximately $251,390,000. International Assets Investment Management LLC lifted its stake in Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after purchasing an additional 307,498 shares during the last quarter. FMR LLC lifted its stake in Tyler Technologies by 94.1% during the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock valued at $63,812,000 after purchasing an additional 52,984 shares during the last quarter. Westwind Capital lifted its stake in Tyler Technologies by 7,614.0% during the third quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock valued at $27,062,000 after purchasing an additional 45,760 shares during the last quarter. Finally, LMR Partners LLP acquired a new stake in Tyler Technologies during the third quarter valued at approximately $23,383,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TYL. The Goldman Sachs Group restated a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Needham & Company LLC boosted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer boosted their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Robert W. Baird boosted their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Barclays boosted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $642.62.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $617.44 on Wednesday. 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 fifty-two week low of $397.80 and a fifty-two week high of $638.56. The firm has a fifty day moving average price of $606.33 and a two-hundred day moving average price of $563.82. The company has a market cap of $26.43 billion, a PE ratio of 112.67, a price-to-earnings-growth ratio of 5.64 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data 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 net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the prior year, the company posted $1.66 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. This trade represents a 6.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,500 shares of company stock worth $24,835,988 in the last quarter. 1.50% of the stock is owned by corporate 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.