Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Capital Analysts LLC

Capital Analysts LLC trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,935 shares of the technology company’s stock after selling 65 shares during the quarter. Capital Analysts LLC’s holdings in Tyler Technologies were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TYL. Norges Bank purchased a new position in shares of Tyler Technologies during the fourth quarter worth $164,642,000. Alliancebernstein L.P. boosted its holdings in Tyler Technologies by 26.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company’s stock valued at $554,306,000 after purchasing an additional 357,779 shares during the last quarter. Morgan Stanley grew its position in Tyler Technologies by 21.1% during the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after purchasing an additional 177,242 shares during the period. Select Equity Group L.P. raised its stake in shares of Tyler Technologies by 101.0% during the 1st quarter. Select Equity Group L.P. now owns 327,305 shares of the technology company’s stock valued at $116,075,000 after buying an additional 164,478 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Tyler Technologies by 122.1% in the 1st quarter. JPMorgan Chase & Co. now owns 213,701 shares of the technology company’s stock valued at $75,788,000 after buying an additional 117,500 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Down 0.4 %

TYL opened at $399.26 on Wednesday. The company has a market cap of $16.94 billion, a PE ratio of 102.64, a price-to-earnings-growth ratio of 3.94 and a beta of 0.81. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $454.74. The company has a 50-day moving average price of $425.50 and a 200 day moving average price of $413.64. 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 (NYSE:TYL) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. Sell-side analysts expect that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on TYL. DA Davidson raised their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Needham & Company LLC upped their price objective on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JPMorgan Chase & Co. lifted their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. JMP Securities reiterated a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a research note on Friday, February 16th. Finally, Piper Sandler raised their price target on shares of Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $457.86.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at $2,799,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total value of $4,359,800.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,698,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,608 shares of company stock worth $21,974,819. Corporate insiders own 1.50% of the company’s stock.

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.