Central Pacific Bank Trust Division Sells 259,911 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Central Pacific Bank Trust Division reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 99.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190 shares of the technology company’s stock after selling 259,911 shares during the period. Central Pacific Bank Trust Division’s holdings in Tyler Technologies were worth $111,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its stake in Tyler Technologies by 119.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 6,517 shares of the technology company’s stock worth $2,770,000 after acquiring an additional 3,544 shares during the last quarter. Bessemer Group Inc. lifted its position in Tyler Technologies by 39.4% during the first quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock valued at $2,906,000 after purchasing an additional 1,935 shares during the last quarter. Rafferty Asset Management LLC grew its stake in Tyler Technologies by 26.8% in the 4th quarter. Rafferty Asset Management LLC now owns 13,972 shares of the technology company’s stock worth $5,842,000 after buying an additional 2,951 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Tyler Technologies by 7.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,724 shares of the technology company’s stock worth $19,858,000 after buying an additional 3,198 shares in the last quarter. Finally, Natixis increased its holdings in shares of Tyler Technologies by 114.0% in the 1st quarter. Natixis now owns 2,253 shares of the technology company’s stock worth $958,000 after buying an additional 1,200 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TYL shares. JMP Securities upped their target price on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a research report on Monday, July 22nd. BTIG Research increased their price objective on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Oppenheimer boosted their target price on Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $600.00 target price on shares of Tyler Technologies in a research note on Thursday, July 25th. Finally, Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $582.31.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $43,246,500. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Glenn A. Carter sold 3,350 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $582.57, for a total value of $1,951,609.50. Following the completion of the sale, the director now owns 2,654 shares in the company, valued at $1,546,140.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,375 shares of company stock valued at $17,049,739 over the last three months. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Down 0.4 %

TYL opened at $579.45 on Friday. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $598.93. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day simple moving average of $579.84 and a two-hundred day simple moving average of $508.63. The firm has a market capitalization of $24.60 billion, a price-to-earnings ratio of 131.10, a PEG ratio of 5.34 and a beta of 0.78.

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

Tyler Technologies 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.