Tyler Technologies, Inc. $TYL Shares Acquired by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC increased its position in Tyler Technologies, Inc. (NYSE:TYL) by 204.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,984 shares of the technology company’s stock after acquiring an additional 3,346 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Tyler Technologies were worth $1,588,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. American Capital Management Inc. grew its holdings in Tyler Technologies by 348.9% in the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock valued at $33,876,000 after purchasing an additional 76,903 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Tyler Technologies in the first quarter valued at $2,739,000. Bank of America Corp DE acquired a new position in shares of Tyler Technologies during the 2nd quarter worth $116,831,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Tyler Technologies by 13.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 400,775 shares of the technology company’s stock worth $117,211,000 after buying an additional 48,832 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new position in shares of Tyler Technologies during the 2nd quarter worth $838,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TYL has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of Tyler Technologies from $400.00 to $430.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. UBS Group set a $395.00 target price on shares of Tyler Technologies in a research report on Saturday, August 1st. BTIG Research upped their price target on shares of Tyler Technologies from $400.00 to $430.00 and gave the company a “buy” rating in a report on Friday, October 30th. DA Davidson reaffirmed a “buy” rating and issued a $460.00 price target on shares of Tyler Technologies in a report on Tuesday, October 27th. Finally, Weiss Ratings upgraded shares of Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold 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 $440.88.

Insider Buying and Selling

In related news, COO Jeffrey Puckett sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were sold at an average price of $356.44, for a total transaction of $3,029,740.00. Following the sale, the chief operating officer owned 7,784 shares in the company, valued at approximately $2,774,528.96. This trade represents a 52.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H. Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $393.17, for a total value of $3,931,700.00. Following the sale, the chief executive officer owned 100,392 shares in the company, valued at $39,471,122.64. This trade represents a 9.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 27,750 shares of company stock valued at $10,409,748. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Up 0.2%

Shares of NYSE:TYL opened at $404.60 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $16.09 billion, a P/E ratio of 50.96, a P/E/G ratio of 2.66 and a beta of 0.74. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $481.57. The stock’s fifty day simple moving average is $353.93 and its 200-day simple moving average is $337.07.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 28th. The technology company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.04. The firm had revenue of $647.57 million during the quarter, compared to the consensus estimate of $651.38 million. Tyler Technologies had a net margin of 13.51% and a return on equity of 12.21%. The firm’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.91 EPS. As a group, equities research analysts forecast that Tyler Technologies, Inc. will post 10.13 earnings per share for the current fiscal year.

Tyler Technologies Company Profile

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.