Madison Asset Management LLC bought a new stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 138,684 shares of the technology company’s stock, valued at approximately $40,560,000.
Several other large investors have also modified their holdings of the stock. Salomon & Ludwin LLC lifted its holdings in shares of Tyler Technologies by 6,100.0% during the fourth quarter. Salomon & Ludwin LLC now owns 62 shares of the technology company’s stock worth $27,000 after purchasing an additional 61 shares during the period. DV Equities LLC purchased a new position in Tyler Technologies in the 4th quarter valued at $27,000. Elyxium Wealth LLC acquired a new position in Tyler Technologies in the 4th quarter valued at $29,000. Bayban acquired a new position in Tyler Technologies in the 4th quarter valued at $30,000. Finally, Cornerstone Planning Group LLC raised its position in Tyler Technologies by 3,900.0% during the 4th quarter. Cornerstone Planning Group LLC now owns 80 shares of the technology company’s stock worth $34,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.
Tyler Technologies Price Performance
Tyler Technologies stock opened at $347.43 on Thursday. Tyler Technologies, Inc. has a one year low of $270.71 and a one year high of $575.93. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.55 and a current ratio of 1.55. The business has a fifty day moving average of $307.27 and a two-hundred day moving average of $323.43. The company has a market cap of $14.23 billion, a P/E ratio of 46.08, a price-to-earnings-growth ratio of 2.19 and a beta of 0.81.
Analyst Upgrades and Downgrades
Several research firms have recently commented on TYL. Citizens Jmp restated a “market outperform” rating and issued a $500.00 target price on shares of Tyler Technologies in a research note on Tuesday, April 28th. Truist Financial set a $440.00 price target on shares of Tyler Technologies in a research note on Friday, May 1st. Barclays raised their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, June 10th. UBS Group set a $395.00 price objective on Tyler Technologies in a report on Saturday, August 1st. Finally, Zacks Research upgraded Tyler Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $456.72.
View Our Latest Research Report on Tyler Technologies
Tyler Technologies Profile
Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.
Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.
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