Tyler Technologies, Inc. (NYSE:TYL) Stock Holdings Decreased by Raymond James & Associates

Raymond James & Associates decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 31,000 shares of the technology company’s stock after selling 1,540 shares during the period. Raymond James & Associates owned about 0.07% of Tyler Technologies worth $18,095,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky bought a new position in Tyler Technologies during the 2nd quarter worth approximately $25,000. Covestor Ltd boosted its holdings in Tyler Technologies by 153.6% in 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 period. Blue Trust Inc. increased its stake in Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Tyler Technologies during the second quarter worth $38,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Tyler Technologies by 675.0% in the 1st quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock valued at $40,000 after buying an additional 81 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Daniel M. Pope sold 275 shares of the business’s stock in a transaction on 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 directly owns 3,218 shares of the company’s stock, valued at $1,860,840.68. The trade was 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, Director Daniel M. Pope sold 275 shares of Tyler Technologies stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $578.26, for a total value of $159,021.50. Following the transaction, the director now directly owns 3,218 shares of the company’s stock, valued at $1,860,840.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,375 shares of company stock worth $17,049,739. Insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Down 0.9 %

Shares of Tyler Technologies stock opened at $605.86 on Friday. The business has a fifty day simple moving average of $584.88 and a 200-day simple moving average of $526.68. The firm has a market cap of $25.85 billion, a price-to-earnings ratio of 125.18, a price-to-earnings-growth ratio of 5.42 and a beta of 0.78. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $631.43. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the previous year, the company posted $1.66 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts forecast that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Oppenheimer lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial restated a “buy” rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday. JMP Securities increased their target price on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Friday. Finally, DA Davidson increased their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

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.