Navellier & Associates Inc. lessened its stake in Tyler Technologies, Inc. (NYSE:TYL – Get Rating) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,591 shares of the technology company’s stock after selling 63 shares during the period. Navellier & Associates Inc.’s holdings in Tyler Technologies were worth $3,008,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. Franklin Resources Inc. boosted its position in Tyler Technologies by 3.5% in the 3rd quarter. Franklin Resources Inc. now owns 879,816 shares of the technology company’s stock worth $403,501,000 after purchasing an additional 29,685 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Tyler Technologies by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 774,761 shares of the technology company’s stock valued at $415,761,000 after buying an additional 22,560 shares in the last quarter. Invesco Ltd. lifted its position in shares of Tyler Technologies by 101.9% during the 4th quarter. Invesco Ltd. now owns 661,404 shares of the technology company’s stock valued at $355,803,000 after buying an additional 333,839 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Tyler Technologies by 1.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 530,644 shares of the technology company’s stock valued at $285,459,000 after buying an additional 6,707 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Tyler Technologies by 1.3% during the 4th quarter. Eagle Asset Management Inc. now owns 431,296 shares of the technology company’s stock valued at $232,089,000 after buying an additional 5,633 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.
TYL has been the topic of a number of research reports. Credit Suisse Group initiated coverage on Tyler Technologies in a report on Monday, May 9th. They issued a “neutral” rating and a $408.00 price objective on the stock. TheStreet lowered Tyler Technologies from a “b-” rating to a “c+” rating in a report on Wednesday, April 27th. Piper Sandler decreased their price objective on Tyler Technologies from $600.00 to $540.00 and set an “overweight” rating on the stock in a report on Friday, February 18th. Truist Financial initiated coverage on Tyler Technologies in a research note on Wednesday, February 9th. They issued a “buy” rating and a $550.00 target price for the company. Finally, Loop Capital initiated coverage on Tyler Technologies in a research note on Monday, April 18th. They issued a “buy” rating and a $520.00 target price for the company. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $512.69.
Tyler Technologies stock traded up $9.36 during midday trading on Thursday, reaching $351.57. 12,604 shares of the stock traded hands, compared to its average volume of 227,890. The company has a 50-day simple moving average of $396.63 and a two-hundred day simple moving average of $452.85. Tyler Technologies, Inc. has a 12-month low of $327.97 and a 12-month high of $557.55. The firm has a market cap of $14.58 billion, a PE ratio of 88.20 and a beta of 0.82. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54.
Tyler Technologies (NYSE:TYL – Get Rating) last announced its earnings results on Wednesday, April 27th. The technology company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.12. Tyler Technologies had a return on equity of 10.62% and a net margin of 9.38%. The company had revenue of $456.11 million during the quarter, compared to analysts’ expectations of $435.29 million. During the same period last year, the business posted $1.08 EPS. Equities research analysts anticipate that Tyler Technologies, Inc. will post 5.73 earnings per share for the current year.
Tyler Technologies Profile (Get Rating)
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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