Massmutual Trust Co. FSB ADV Purchases 42 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Massmutual Trust Co. FSB ADV grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 51.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124 shares of the technology company’s stock after purchasing an additional 42 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Tyler Technologies were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new position in shares of Tyler Technologies during the fourth quarter valued at about $26,000. Covestor Ltd raised its stake in Tyler Technologies by 153.6% during the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after buying an additional 43 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Tyler Technologies in the fourth quarter worth approximately $31,000. Headlands Technologies LLC acquired a new stake in Tyler Technologies in the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC increased its holdings in shares of Tyler Technologies by 675.0% during the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock valued at $40,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE TYL traded up $1.62 during trading hours on Tuesday, reaching $570.63. 209,874 shares of the company were exchanged, compared to its average volume of 227,862. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $593.50. The business’s 50 day simple moving average is $507.27 and its 200-day simple moving average is $462.60. The stock has a market capitalization of $24.35 billion, a P/E ratio of 128.74, a P/E/G ratio of 5.31 and a beta of 0.76. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.19.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. The firm had revenue of $540.98 million for the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 EPS. On average, equities research analysts expect that Tyler Technologies, Inc. will post 7.23 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on TYL. Oppenheimer increased their target price on Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. JMP Securities raised their price target on shares of Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research report on Monday, July 22nd. Piper Sandler boosted their price objective on Tyler Technologies from $529.00 to $625.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. The Goldman Sachs Group lifted their target price on Tyler Technologies from $515.00 to $627.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Truist Financial reissued a “buy” rating and issued a $600.00 price target (up from $560.00) on shares of Tyler Technologies in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $582.31.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $3,374,255.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Daniel M. Pope sold 520 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total transaction of $255,413.60. Following the transaction, the director now directly owns 3,493 shares in the company, valued at approximately $1,715,691.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $3,374,255.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,595 shares of company stock worth $6,589,059. Corporate insiders own 2.20% of the company’s stock.

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.