Meeder Advisory Services Inc. Has $574,000 Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Meeder Advisory Services Inc. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 15.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 983 shares of the technology company’s stock after buying an additional 134 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Tyler Technologies were worth $574,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new stake in shares of Tyler Technologies during the second quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in Tyler Technologies in the third quarter valued at approximately $27,000. Covestor Ltd boosted its holdings in shares of Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after buying an additional 43 shares during the period. Blue Trust Inc. increased its position in shares of Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new stake in shares of Tyler Technologies during the second quarter worth $38,000. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $45,436,500. This represents a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,461,699.50. This represents a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,600 shares of company stock valued at $16,412,595. 1.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TYL shares. Piper Sandler upped their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays upped their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. DA Davidson lifted their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. BTIG Research upped their price target on Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird lifted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies Stock Down 0.3 %

Tyler Technologies stock opened at $599.39 on Wednesday. The company’s 50-day moving average price is $594.10 and its two-hundred day moving average price is $549.55. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market cap of $25.65 billion, a P/E ratio of 109.38, a P/E/G ratio of 5.39 and a beta of 0.77. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $631.43.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.66 EPS. As a group, analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

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.