Centered Wealth LLC dba Miller Equity Capital Advisors Acquires 30 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Centered Wealth LLC dba Miller Equity Capital Advisors boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,920 shares of the technology company’s stock after buying an additional 30 shares during the quarter. Centered Wealth LLC dba Miller Equity Capital Advisors’ holdings in Tyler Technologies were worth $1,639,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Stevens Capital Management LP bought a new position in Tyler Technologies during the 4th quarter worth approximately $483,000. Cross Staff Investments Inc bought a new position in Tyler Technologies during the 4th quarter worth approximately $209,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in Tyler Technologies by 5.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,275 shares of the technology company’s stock worth $533,000 after purchasing an additional 70 shares during the last quarter. Yousif Capital Management LLC raised its holdings in Tyler Technologies by 24.4% during the 4th quarter. Yousif Capital Management LLC now owns 6,997 shares of the technology company’s stock worth $2,926,000 after purchasing an additional 1,372 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in Tyler Technologies during the 4th quarter worth approximately $196,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 9.4 %

TYL traded up $39.45 during mid-day trading on Thursday, reaching $458.45. 503,041 shares of the stock were exchanged, compared to its average volume of 210,935. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $19.46 billion, a PE ratio of 117.85, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81. The company has a 50 day moving average price of $422.28 and a two-hundred day moving average price of $414.52. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $464.81.

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. The firm had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TYL. Needham & Company LLC restated a “buy” rating and set a $500.00 price target on shares of Tyler Technologies in a report on Thursday. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Tyler Technologies in a research note on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. JMP Securities reiterated a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. Finally, DA Davidson lifted their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $460.46.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction on 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 transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,799,936. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $437.49, for a total value of $2,843,685.00. Following the transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,799,936. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $421.27, for a total transaction of $1,053,175.00. Following the completion of the transaction, the chief financial officer now directly owns 16,160 shares in the company, valued at $6,807,723.20. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock valued at $21,974,819 in the last three months. 2.20% of the stock is currently owned by insiders.

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.