Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,160 shares of the technology company’s stock after selling 1,300 shares during the period. Ensign Peak Advisors Inc’s holdings in Tyler Technologies were worth $9,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in TYL. Independence Bank of Kentucky acquired a new stake in shares of Tyler Technologies in the second quarter valued at about $25,000. Kapitalo Investimentos Ltda purchased a new position in Tyler Technologies in the 4th quarter valued at about $26,000. Covestor Ltd boosted its holdings in Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after buying an additional 43 shares during the last quarter. Blue Trust Inc. increased its stake in Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new position in shares of Tyler Technologies during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity

In related news, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $43,236,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,042,738.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,375 shares of company stock valued at $17,049,739. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

TYL has been the topic of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $627.00 price target on shares of Tyler Technologies in a research note on Friday, September 13th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $600.00 target price on shares of Tyler Technologies in a research report on Thursday, July 25th. Oppenheimer boosted their price target on shares of Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, JMP Securities increased their price objective on shares of Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $582.31.

Tyler Technologies Trading Up 0.2 %

TYL opened at $585.15 on Wednesday. The business’s 50 day moving average price is $573.06 and its 200 day moving average price is $500.90. 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 $24.84 billion, a PE ratio of 132.39, a P/E/G ratio of 5.42 and a beta of 0.78. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $598.93.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. The business had revenue of $540.98 million during 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 company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 EPS. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 7.21 EPS 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.