MassMutual Private Wealth & Trust FSB lifted its position in Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 18.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 135 shares of the technology company’s stock after purchasing an additional 21 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Tyler Technologies were worth $78,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. American Century Companies Inc. raised its holdings in Tyler Technologies by 6.3% in the second quarter. American Century Companies Inc. now owns 2,185 shares of the technology company’s stock worth $1,099,000 after purchasing an additional 130 shares during the period. Dimensional Fund Advisors LP raised its stake in Tyler Technologies by 10.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 157,027 shares of the technology company’s stock worth $78,942,000 after buying an additional 14,595 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in Tyler Technologies by 1.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,746 shares of the technology company’s stock worth $878,000 after acquiring an additional 33 shares in the last quarter. Profund Advisors LLC grew its stake in Tyler Technologies by 7.5% in the second quarter. Profund Advisors LLC now owns 902 shares of the technology company’s stock valued at $454,000 after acquiring an additional 63 shares during the period. Finally, ProShare Advisors LLC increased its holdings in shares of Tyler Technologies by 8.3% in the second quarter. ProShare Advisors LLC now owns 8,419 shares of the technology company’s stock worth $4,233,000 after acquiring an additional 646 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.
Tyler Technologies Price Performance
Shares of TYL opened at $593.28 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $598.42 and its 200 day simple moving average is $585.06. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $638.56. The company has a market cap of $25.39 billion, a price-to-earnings ratio of 108.26, a PEG ratio of 4.54 and a beta of 0.78.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. Barclays lifted their price objective on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Oppenheimer increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, DA Davidson boosted their price target on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $643.77.
Check Out Our Latest Stock Report on Tyler Technologies
Insiders Place Their Bets
In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $45,436,500. The trade was a 7.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock valued at $26,096,928 over the last 90 days. 2.20% of the stock is currently owned by insiders.
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.
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