Eaton Vance Management Buys 398 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Eaton Vance Management raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 244,773 shares of the technology company’s stock after acquiring an additional 398 shares during the quarter. Eaton Vance Management’s holdings in Tyler Technologies were worth $103,913,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of TYL. Capital Asset Advisory Services LLC bought a new position in shares of Tyler Technologies during the 4th quarter worth about $28,000. Atwood & Palmer Inc. bought a new position in shares of Tyler Technologies during the 1st quarter worth about $42,000. Sandy Spring Bank bought a new position in shares of Tyler Technologies during the 1st quarter worth about $47,000. CSat Investment Advisory L.P. increased its holdings in shares of Tyler Technologies by 65.3% during the 1st quarter. CSat Investment Advisory L.P. now owns 119 shares of the technology company’s stock worth $51,000 after purchasing an additional 47 shares during the period. Finally, CWM LLC increased its holdings in shares of Tyler Technologies by 77.6% during the 1st quarter. CWM LLC now owns 135 shares of the technology company’s stock worth $57,000 after purchasing an additional 59 shares during the period. Institutional investors own 90.98% of the company’s stock.

NYSE:TYL opened at $485.68 on Thursday. The firm has a market capitalization of $19.79 billion, a price-to-earnings ratio of 110.13 and a beta of 0.58. Tyler Technologies, Inc. has a 12 month low of $319.58 and a 12 month high of $489.79. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.24 and a current ratio of 3.24. The company has a 50-day moving average price of $435.84.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, April 28th. The technology company reported $1.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.48. Tyler Technologies had a net margin of 16.23% and a return on equity of 9.51%. The company had revenue of $294.80 million for the quarter, compared to analyst estimates of $289.70 million. During the same period in the prior year, the business earned $1.25 earnings per share. Tyler Technologies’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Tyler Technologies, Inc. will post 4.89 earnings per share for the current fiscal year.

A number of analysts recently weighed in on TYL shares. Piper Sandler upped their target price on shares of Tyler Technologies from $505.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, June 8th. Robert W. Baird upped their target price on shares of Tyler Technologies from $500.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, July 14th. They noted that the move was a valuation call. Needham & Company LLC reissued a “buy” rating and issued a $480.00 target price on shares of Tyler Technologies in a research note on Tuesday, June 8th. Zacks Investment Research raised shares of Tyler Technologies from a “sell” rating to a “strong-buy” rating and set a $479.00 target price on the stock in a research note on Thursday, June 10th. Finally, BTIG Research reissued a “hold” rating on shares of Tyler Technologies in a research note on Tuesday, June 8th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $471.00.

In related news, Chairman John S. Marr, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $408.30, for a total transaction of $4,083,000.00. Following the completion of the sale, the chairman now directly owns 74,453 shares of the company’s stock, valued at $30,399,159.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Luther King, Jr. sold 7,935 shares of the business’s stock in a transaction that occurred on Wednesday, May 12th. The stock was sold at an average price of $387.70, for a total transaction of $3,076,399.50. Following the sale, the director now directly owns 80,767 shares of the company’s stock, valued at $31,313,365.90. The disclosure for this sale can be found here. Insiders have sold 47,527 shares of company stock worth $19,564,271 over the last quarter. 2.70% of the stock is owned by company insiders.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. The company operates in two segments, Enterprise Software, and Appraisal and Tax. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.

Featured Story: Back-End Load

Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL).

Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.