Bison Wealth LLC Decreases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Bison Wealth LLC lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 17.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,148 shares of the technology company’s stock after selling 647 shares during the quarter. Bison Wealth LLC’s holdings in Tyler Technologies were worth $1,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. grew its holdings in Tyler Technologies by 13.1% in the first quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock worth $591,000 after purchasing an additional 154 shares during the period. Panagora Asset Management Inc. lifted its position in Tyler Technologies by 69.1% during the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock valued at $1,082,000 after purchasing an additional 993 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Tyler Technologies by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock valued at $2,439,000 after purchasing an additional 340 shares during the period. Raymond James Trust N.A. increased its holdings in Tyler Technologies by 4.3% during the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock valued at $466,000 after buying an additional 43 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Tyler Technologies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after buying an additional 934 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In related news, Director Glenn A. Carter sold 1,650 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total value of $722,436.00. Following the completion of the transaction, the director now directly owns 2,011 shares in the company, valued at approximately $880,496.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Glenn A. Carter sold 1,650 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total value of $722,436.00. Following the completion of the sale, the director now owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the sale, the chief executive officer now directly owns 79,502 shares of the company’s stock, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,608 shares of company stock worth $21,974,819. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on TYL shares. Needham & Company LLC increased their price objective on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. DA Davidson raised their target price 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. JMP Securities reiterated a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, February 16th. JPMorgan Chase & Co. raised their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Piper Sandler lifted their price objective on shares of Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $457.86.

Tyler Technologies Stock Down 3.1 %

TYL stock opened at $400.68 on Tuesday. The firm has a 50 day moving average of $426.13 and a 200 day moving average of $413.55. The stock has a market capitalization of $17.00 billion, a PE ratio of 103.00, a price-to-earnings-growth ratio of 4.07 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $454.74.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The business had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. Sell-side analysts forecast that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

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.