353 Shares in Tyler Technologies, Inc. (NYSE:TYL) Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, HoldingsChannel reports. The fund purchased 353 shares of the technology company’s stock, valued at approximately $206,000.

Several other institutional investors have also recently made changes to their positions in the stock. APG Asset Management N.V. increased its position in Tyler Technologies by 1.4% in the 2nd quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after buying an additional 20,842 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Tyler Technologies by 15.3% during the first quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after acquiring an additional 70,801 shares in the last quarter. Swedbank AB acquired a new position in shares of Tyler Technologies during the second quarter worth approximately $251,390,000. Price T Rowe Associates Inc. MD grew its position in Tyler Technologies by 18.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock valued at $180,622,000 after purchasing an additional 65,814 shares during the period. Finally, International Assets Investment Management LLC grew its position in Tyler Technologies by 252,047.5% in the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after purchasing an additional 307,498 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $609.09 on Friday. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $631.43. The firm has a 50-day moving average of $595.22 and a 200 day moving average of $551.16. 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 $26.07 billion, a P/E ratio of 111.15, a PEG ratio of 5.41 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. On average, research analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $45,436,500. This trade represents a 7.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,461,699.50. The trade was a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,600 shares of company stock valued at $16,412,595 over the last ninety days. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on TYL. Truist Financial reaffirmed a “buy” rating and issued a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. The Goldman Sachs Group reiterated a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a research note on Friday, September 13th. DA Davidson increased their price objective on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays raised their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Robert W. Baird increased their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies 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.