Bokf Na Has $930,000 Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Bokf Na cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,850 shares of the technology company’s stock after selling 25 shares during the quarter. Bokf Na’s holdings in Tyler Technologies were worth $930,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TYL. Gilbert & Cook Inc. lifted its holdings in shares of Tyler Technologies by 7.6% during the fourth quarter. Gilbert & Cook Inc. now owns 1,437 shares of the technology company’s stock worth $601,000 after buying an additional 102 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Tyler Technologies by 16.6% in the fourth quarter. Private Advisor Group LLC now owns 814 shares of the technology company’s stock valued at $340,000 after purchasing an additional 116 shares in the last quarter. QRG Capital Management Inc. acquired a new position in shares of Tyler Technologies in the fourth quarter valued at $249,000. Dimensional Fund Advisors LP raised its stake in shares of Tyler Technologies by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 141,464 shares of the technology company’s stock valued at $59,150,000 after purchasing an additional 3,961 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of Tyler Technologies by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock valued at $280,000 after purchasing an additional 33 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $44,323,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $44,323,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel M. Pope sold 275 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $578.26, for a total value of $159,021.50. Following the completion of the transaction, the director now directly owns 3,218 shares in the company, valued at approximately $1,860,840.68. The disclosure for this sale can be found here. Insiders have sold a total of 24,375 shares of company stock worth $14,166,639 over the last 90 days. Insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL stock opened at $581.96 on Monday. The stock’s fifty day moving average is $564.01 and its 200-day moving average is $492.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market capitalization of $24.83 billion, a PE ratio of 131.67, a PEG ratio of 5.39 and a beta of 0.78. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $598.93.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.34 by $0.06. The company had revenue of $540.98 million for the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 earnings per share. Equities research analysts expect that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent research reports. DA Davidson upped their target price on Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Loop Capital upped their target price on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Needham & Company LLC restated a “buy” rating and issued a $600.00 target price on shares of Tyler Technologies in a research note on Thursday, July 25th. Truist Financial reiterated a “buy” rating and issued a $600.00 price target (up from $560.00) on shares of Tyler Technologies in a research report on Friday, July 26th. Finally, Barclays upped their price target on Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $582.31.

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.