J. W. Coons Advisors LLC Acquires New Shares in Tyler Technologies, Inc. $TYL

J. W. Coons Advisors LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,929 shares of the technology company’s stock, valued at approximately $1,144,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of Tyler Technologies by 820.0% during the 1st 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 in the last quarter. Generali Asset Management SPA SGR acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at $30,000. Cornerstone Planning Group LLC raised its stake in shares of Tyler Technologies by 221.1% in the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock valued at $35,000 after buying an additional 42 shares in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Tyler Technologies in the 1st quarter worth about $38,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Tyler Technologies in the 1st quarter worth about $38,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on TYL shares. Barclays upped 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. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a research report on Friday. Oppenheimer restated an “outperform” rating and set a $600.00 target price on shares of Tyler Technologies in a research report on Thursday. Weiss Ratings restated a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. Finally, DA Davidson cut their target price on shares of Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a research report on Friday. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $660.09.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total value of $2,242,600.00. Following the transaction, the insider owned 6,983 shares of the company’s stock, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 81,775 shares of the company’s stock, valued at $48,156,479.75. This trade represents a 6.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,250 shares of company stock worth $8,099,000 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $467.60 on Tuesday. The company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 65.03, a P/E/G ratio of 3.67 and a beta of 0.89. The firm’s 50 day simple moving average is $523.37 and its 200 day simple moving average is $553.72. Tyler Technologies, Inc. has a fifty-two week low of $450.00 and a fifty-two week high of $661.31.

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.