FWG Holdings LLC Has $551,000 Holdings in Tyler Technologies, Inc. (NYSE:TYL)

FWG Holdings LLC increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 910 shares of the technology company’s stock after buying an additional 27 shares during the period. FWG Holdings LLC’s holdings in Tyler Technologies were worth $551,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Waldron Private Wealth LLC lifted its stake in shares of Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock valued at $360,000 after purchasing an additional 24 shares during the period. Industrial Alliance Investment Management Inc. lifted its stake in Tyler Technologies by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after buying an additional 29 shares during the period. George Kaiser Family Foundation boosted its holdings in shares of Tyler Technologies by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after buying an additional 29 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Tyler Technologies by 2.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock worth $804,000 after acquiring an additional 31 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Tyler Technologies by 2.4% in the 3rd quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock valued at $790,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Robert W. Baird boosted their target price 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. Piper Sandler raised their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, BTIG Research increased their price objective on Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $642.62.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. This trade represents a 41.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,014,291.50. This trade represents a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,600 shares of company stock worth $19,307,295 over the last ninety days. 1.50% of the stock is currently owned by company insiders.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $601.19 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of 109.71, a P/E/G ratio of 5.39 and a beta of 0.77. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43. The firm’s 50-day simple moving average is $593.78 and its two-hundred day simple moving average is $547.67.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the previous year, the firm posted $1.66 EPS. Tyler Technologies’s revenue was up 9.8% on a year-over-year basis. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

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.