Tyler Technologies, Inc. $TYL Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.5% in the second quarter, HoldingsChannel.com reports. The fund owned 5,847 shares of the technology company’s stock after purchasing an additional 140 shares during the period. New York Life Investment Management LLC’s holdings in Tyler Technologies were worth $3,466,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Mowery & Schoenfeld Wealth Management LLC raised its position in Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after acquiring an additional 41 shares during the period. Generali Asset Management SPA SGR acquired a new position in Tyler Technologies during the second quarter worth $30,000. Cornerstone Planning Group LLC raised its position in Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after acquiring an additional 42 shares during the period. Zions Bancorporation National Association UT acquired a new position in Tyler Technologies during the first quarter worth $38,000. Finally, Advisors Asset Management Inc. acquired a new position in Tyler Technologies during the first quarter worth $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the sale, the chief executive officer directly owned 81,775 shares in the company, valued at approximately $48,156,479.75. This trade represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenn A. Carter sold 750 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 14,250 shares of company stock worth $8,099,000. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Oppenheimer restated an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a research report on Thursday. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. DA Davidson reduced their target price on shares of Tyler Technologies from $585.00 to $560.00 and set a “neutral” rating for the company in a research report on Friday, October 10th. Finally, Barclays increased their target price on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $674.60.

Tyler Technologies Stock Down 0.0%

Shares of NYSE TYL opened at $477.90 on Friday. The firm has a 50-day simple moving average of $526.78 and a 200-day simple moving average of $555.37. The stock has a market capitalization of $20.67 billion, a price-to-earnings ratio of 66.47, a price-to-earnings-growth ratio of 3.67 and a beta of 0.89. Tyler Technologies, Inc. has a 52 week low of $450.00 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. Tyler Technologies had a net margin of 13.72% and a return on equity of 10.64%. The business had revenue of $584.01 million during the quarter, compared to analysts’ expectations of $587.59 million. During the same period in the prior year, the business earned $2.40 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.