Baron Wealth Management LLC Acquires 22 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Baron Wealth Management LLC grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,487 shares of the technology company’s stock after acquiring an additional 22 shares during the quarter. Baron Wealth Management LLC’s holdings in Tyler Technologies were worth $857,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB raised its stake in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after purchasing an additional 21 shares in the last quarter. Oak Ridge Investments LLC lifted its holdings in shares of Tyler Technologies by 0.8% during the 4th quarter. Oak Ridge Investments LLC now owns 3,011 shares of the technology company’s stock worth $1,736,000 after acquiring an additional 25 shares during the last quarter. FWG Holdings LLC grew its position in Tyler Technologies by 3.1% in the third quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock worth $551,000 after acquiring an additional 27 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its stake in Tyler Technologies by 2.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock valued at $804,000 after acquiring an additional 31 shares during the last quarter. Finally, UMB Bank n.a. raised its position in Tyler Technologies by 2.4% during the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock valued at $790,000 after purchasing an additional 32 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JMP Securities upped their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. DA Davidson upped their target price on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Needham & Company LLC restated a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Oppenheimer boosted their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $643.77.

Tyler Technologies Stock Down 1.9 %

Shares of NYSE:TYL opened at $608.09 on Thursday. The stock’s 50-day moving average is $598.59 and its 200 day moving average is $588.22. The company has a market cap of $26.03 billion, a PE ratio of 110.97, a P/E/G ratio of 4.55 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56.

Insider Activity

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $7,202,504. This trade represents a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,252 shares of company stock valued at $26,096,928. Company insiders own 2.20% of the company’s stock.

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.