Tyler Technologies, Inc. (NYSE:TYL) Position Reduced by Park Place Capital Corp

Park Place Capital Corp lowered its stake in Tyler Technologies, Inc. (NYSE:TYL) by 9.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 388 shares of the technology company’s stock after selling 39 shares during the period. Park Place Capital Corp’s holdings in Tyler Technologies were worth $226,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

TYL has been the subject of several research reports. JMP Securities lifted their price target 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. Oppenheimer upped their target price on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Evercore ISI raised Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Wells Fargo & Company boosted their price objective on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price (up from $560.00) on shares of Tyler Technologies in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $591.77.

Tyler Technologies Trading Up 2.1 %

Shares of NYSE:TYL opened at $593.75 on Wednesday. The company has a 50 day moving average of $580.32 and a 200-day moving average of $512.20. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19. The firm has a market cap of $25.21 billion, a P/E ratio of 134.33, a P/E/G ratio of 5.40 and a beta of 0.78. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $598.93.

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

Insider Buying and Selling

In other Tyler Technologies news, Director Daniel M. Pope sold 275 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $578.26, for a total value of $159,021.50. Following the transaction, the director now owns 3,218 shares of the company’s stock, valued at approximately $1,860,840.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tyler Technologies news, Director Daniel M. Pope sold 275 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $578.26, for a total transaction of $159,021.50. Following the sale, the director now owns 3,218 shares in the company, valued at approximately $1,860,840.68. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm’s 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 completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,042,738.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,375 shares of company stock worth $17,049,739. Corporate insiders own 2.20% 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.