Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,886 shares of the technology company’s stock after selling 40 shares during the period. Private Advisor Group LLC’s holdings in Tyler Technologies were worth $1,685,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC lifted its position in Tyler Technologies by 19.7% in the third quarter. Signaturefd LLC now owns 627 shares of the technology company’s stock valued at $366,000 after purchasing an additional 103 shares during the period. Everence Capital Management Inc. lifted its position in Tyler Technologies by 105.8% in the third quarter. Everence Capital Management Inc. now owns 3,540 shares of the technology company’s stock valued at $2,066,000 after purchasing an additional 1,820 shares during the period. Chicago Capital LLC lifted its position in Tyler Technologies by 40.7% in the third quarter. Chicago Capital LLC now owns 36,343 shares of the technology company’s stock valued at $21,214,000 after purchasing an additional 10,505 shares during the period. Friedenthal Financial acquired a new stake in Tyler Technologies in the third quarter valued at about $750,000. Finally, Blue Trust Inc. lifted its position in Tyler Technologies by 432.9% in the third quarter. Blue Trust Inc. now owns 389 shares of the technology company’s stock valued at $227,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the subject of a number of recent analyst reports. Barclays raised their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson lifted their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird lifted their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Needham & Company LLC lifted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Piper Sandler lifted their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 2,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $6,787,122. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 29,100 shares of company stock valued at $16,890,717. Company insiders own 1.50% of the company’s stock.

Tyler Technologies Trading Up 0.2 %

Shares of TYL opened at $614.86 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $586.14 and a 200-day simple moving average of $530.98. Tyler Technologies, Inc. has a 1-year low of $362.50 and a 1-year high of $631.43. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 111.98, a price-to-earnings-growth ratio of 5.53 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.66 EPS. Equities analysts forecast that Tyler Technologies, Inc. will post 7.3 EPS for the current fiscal year.

Tyler Technologies Company 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.