SYSTM Wealth Solutions LLC Purchases 270 Shares of Tyler Technologies, Inc. (NYSE:TYL)

SYSTM Wealth Solutions LLC raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,579 shares of the technology company’s stock after acquiring an additional 270 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Tyler Technologies were worth $2,302,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Independence Bank of Kentucky bought a new stake in Tyler Technologies during the second quarter valued at $25,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies in the 4th quarter worth about $26,000. Covestor Ltd raised its holdings in shares of Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after acquiring an additional 43 shares during the last quarter. Blue Trust Inc. increased its stake in Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after buying an additional 56 shares during the last quarter. Finally, Lynx Investment Advisory purchased a new stake in Tyler Technologies in the 2nd quarter valued at about $38,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Down 1.1 %

NYSE:TYL opened at $579.39 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $598.93. The company has a market cap of $24.72 billion, a P/E ratio of 131.08, a P/E/G ratio of 5.39 and a beta of 0.78. The stock’s fifty day moving average price is $566.91 and its two-hundred day moving average price is $495.35.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The company had revenue of $540.98 million for the quarter, compared to the consensus estimate of $541.01 million. During the same quarter last year, the business posted $1.53 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. As a group, analysts expect that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TYL shares. Barclays increased their price objective on shares of Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. The Goldman Sachs Group reissued a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a research report on Friday, September 13th. Loop Capital increased their target price on shares of Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Wells Fargo & Company increased their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, July 25th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $582.31.

Insider Buying and Selling

In related news, Director Daniel M. Pope sold 275 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $578.26, for a total value of $159,021.50. Following the sale, the director now owns 3,218 shares in the company, valued at $1,860,840.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Tyler Technologies news, Director Daniel M. Pope sold 275 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $578.26, for a total transaction of $159,021.50. Following the sale, the director now owns 3,218 shares in the company, valued at $1,860,840.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,042,738.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,375 shares of company stock worth $17,049,739. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Company 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.