Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 7.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 984,615 shares of the technology company’s stock after purchasing an additional 71,869 shares during the period. Franklin Resources Inc. owned about 2.30% of Tyler Technologies worth $567,768,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oak Thistle LLC grew its position in Tyler Technologies by 213.7% in the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after buying an additional 1,586 shares during the last quarter. Kensington Investment Counsel LLC boosted its stake in shares of Tyler Technologies by 0.8% during the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company’s stock worth $1,439,000 after acquiring an additional 20 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Tyler Technologies in the 4th quarter worth $596,000. Fiduciary Alliance LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $1,594,000. Finally, Barclays PLC raised its position in shares of Tyler Technologies by 2.5% during the third quarter. Barclays PLC now owns 88,296 shares of the technology company’s stock worth $51,543,000 after purchasing an additional 2,169 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares of the company’s stock, valued at $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock valued at $8,688,030 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $581.12 on Tuesday. The business has a fifty day simple moving average of $599.99 and a 200 day simple moving average of $597.70. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The firm has a market cap of $25.05 billion, a price-to-earnings ratio of 95.89, a P/E/G ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TYL has been the topic of a number of analyst reports. Barclays lifted their price target on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial reissued a “buy” rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. The Goldman Sachs Group lifted their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, DA Davidson restated a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average price target of $676.25.

About Tyler Technologies

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.