Los Angeles Capital Management LLC Sells 810 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Los Angeles Capital Management LLC lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 7.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,757 shares of the technology company’s stock after selling 810 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Tyler Technologies were worth $4,572,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kapitalo Investimentos Ltda bought a new stake in Tyler Technologies in the 4th quarter valued at about $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new stake in Tyler Technologies during the fourth quarter worth approximately $40,000. Lindbrook Capital LLC increased its stake in Tyler Technologies by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after acquiring an additional 39 shares during the period. Finally, Chilton Capital Management LLC acquired a new position in Tyler Technologies in the 4th quarter valued at $52,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 1.3 %

Shares of TYL opened at $479.20 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $20.35 billion, a price-to-earnings ratio of 108.42, a PEG ratio of 4.44 and a beta of 0.74. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $500.49. The stock has a fifty day moving average of $465.94 and a 200-day moving average of $437.76.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.26. The company had revenue of $512.36 million for the quarter, compared to analysts’ expectations of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, Director Brenda A. Cline sold 5,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the transaction, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 2,671 shares of Tyler Technologies stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $465.03, for a total value of $1,242,095.13. Following the completion of the transaction, the chief financial officer now directly owns 13,536 shares in the company, valued at $6,294,646.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,241 shares of company stock worth $12,495,890. 2.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TYL. Piper Sandler reissued an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a report on Wednesday, April 24th. BTIG Research raised their target price on shares of Tyler Technologies from $515.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Robert W. Baird upped their price target on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research report on Friday, April 26th. Finally, DA Davidson boosted their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $519.09.

Tyler Technologies Company 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.