Procyon Advisors LLC Has $987,000 Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Procyon Advisors LLC raised its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 7.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,361 shares of the technology company’s stock after acquiring an additional 158 shares during the quarter. Procyon Advisors LLC’s holdings in Tyler Technologies were worth $987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of Tyler Technologies by 7.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock valued at $465,000 after purchasing an additional 85 shares during the last quarter. Raymond James Trust N.A. boosted its stake in Tyler Technologies by 4.9% during the fourth quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock worth $633,000 after acquiring an additional 71 shares in the last quarter. Thematics Asset Management boosted its stake in Tyler Technologies by 5.0% during the second quarter. Thematics Asset Management now owns 29,150 shares of the technology company’s stock worth $12,140,000 after acquiring an additional 1,385 shares in the last quarter. Nordea Investment Management AB boosted its stake in Tyler Technologies by 4.6% during the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock worth $1,091,000 after acquiring an additional 115 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Tyler Technologies by 2.1% during the second quarter. BlackRock Inc. now owns 3,163,096 shares of the technology company’s stock worth $1,317,335,000 after acquiring an additional 66,422 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

NYSE TYL traded up $1.62 during trading hours on Thursday, reaching $422.22. 12,144 shares of the company were exchanged, compared to its average volume of 198,523. Tyler Technologies, Inc. has a 1 year low of $333.09 and a 1 year high of $454.74. The business’s 50 day simple moving average is $430.35 and its 200-day simple moving average is $410.60. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $17.85 billion, a P/E ratio of 108.09, a P/E/G ratio of 4.12 and a beta of 0.82.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping 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 business had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. On average, equities research analysts expect that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 1,849 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the transaction, the chief executive officer now owns 79,502 shares in the company, valued at $33,485,447.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the completion of the transaction, the insider now owns 6,400 shares in the company, valued at $2,799,936. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the transaction, the chief executive officer now owns 79,502 shares of the company’s stock, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. Insiders sold 50,608 shares of company stock worth $21,974,819 over the last quarter. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on TYL shares. JPMorgan Chase & Co. increased their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Piper Sandler increased their target price on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. JMP Securities restated a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th. 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 report on Thursday, February 22nd. Finally, 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 report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $457.86.

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.