Empirical Finance LLC Has $806,000 Stake in Tyler Technologies, Inc. (NYSE:TYL)

Empirical Finance LLC raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.5% in the first quarter, Holdings Channel.com reports. The firm owned 1,386 shares of the technology company’s stock after buying an additional 47 shares during the period. Empirical Finance LLC’s holdings in Tyler Technologies were worth $806,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in Tyler Technologies during the 1st quarter valued at about $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after purchasing an additional 41 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Cornerstone Planning Group LLC lifted its position in shares of Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock worth $35,000 after buying an additional 42 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Trading Down 0.8%

Tyler Technologies stock opened at $555.52 on Monday. Tyler Technologies, Inc. has a 12 month low of $513.52 and a 12 month high of $661.31. The business’s 50 day simple moving average is $574.26 and its 200 day simple moving average is $578.52. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 83.66, a PEG ratio of 4.35 and a beta of 0.84.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total value of $3,072,195.00. Following the transaction, the chief executive officer owned 81,775 shares in the company, valued at approximately $47,853,094.50. This represents a 6.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brenda A. Cline sold 2,500 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $577.41, for a total transaction of $1,443,525.00. Following the sale, the director directly owned 2,519 shares in the company, valued at $1,454,495.79. The trade was a 49.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock worth $15,177,230 in the last ninety days. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TYL. DA Davidson dropped their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Needham & Company LLC reissued a “buy” rating and set a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. Barclays dropped their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Wall Street Zen cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 21st. Finally, Cantor Fitzgerald began coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They set a “neutral” rating and a $600.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $685.09.

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.