Federated Hermes Inc. Purchases 162 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Federated Hermes Inc. lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 138,545 shares of the technology company’s stock after acquiring an additional 162 shares during the period. Federated Hermes Inc.’s holdings in Tyler Technologies were worth $57,928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock worth $1,897,268,000 after acquiring an additional 29,578 shares during the period. Alliancebernstein L.P. increased its position in Tyler Technologies by 26.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company’s stock worth $554,306,000 after purchasing an additional 357,779 shares in the last quarter. State Street Corp increased its position in Tyler Technologies by 1.8% during the 1st quarter. State Street Corp now owns 1,574,686 shares of the technology company’s stock worth $558,447,000 after purchasing an additional 28,331 shares in the last quarter. Principal Financial Group Inc. increased its position in Tyler Technologies by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock worth $489,994,000 after purchasing an additional 5,013 shares in the last quarter. Finally, Morgan Stanley increased its position in Tyler Technologies by 21.1% during the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after purchasing an additional 177,242 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. DA Davidson upped their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Piper Sandler upped their price objective on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. Needham & Company LLC upped their price objective on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, JMP Securities restated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research report on Friday, February 16th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $460.46.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,738,048. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,698,500. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,608 shares of company stock valued at $21,974,819. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Trading Up 0.1 %

NYSE:TYL opened at $403.35 on Friday. The firm’s fifty day moving average is $423.44 and its 200-day moving average is $413.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $454.74. The firm has a market cap of $17.12 billion, a P/E ratio of 103.69, a P/E/G ratio of 3.97 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The company had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Equities analysts expect that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

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.