CHICAGO TRUST Co NA Sells 415 Shares of Tyler Technologies, Inc. (NYSE:TYL)

CHICAGO TRUST Co NA cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 14.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,388 shares of the technology company’s stock after selling 415 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Tyler Technologies were worth $1,377,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TYL. Aigen Investment Management LP acquired a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $1,309,000. Maiden Cove Capital LLC acquired a new position in shares of Tyler Technologies during the third quarter valued at about $583,000. Assetmark Inc. raised its holdings in shares of Tyler Technologies by 9.4% in the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock worth $5,785,000 after acquiring an additional 854 shares during the last quarter. MBB Public Markets I LLC bought a new position in Tyler Technologies in the 2nd quarter valued at about $1,564,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Tyler Technologies during the third quarter valued at approximately $569,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of several recent analyst reports. Oppenheimer raised their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Piper Sandler boosted their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC lifted their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, DA Davidson boosted their price objective on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $643.77.

Insider Activity at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. This trade represents a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $7,461,699.50. This trade represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,252 shares of company stock worth $26,096,928 over the last 90 days. 2.20% of the stock is owned by company insiders.

Tyler Technologies Trading Up 0.0 %

TYL stock traded up $0.16 during trading on Monday, hitting $559.86. 49,709 shares of the company traded hands, compared to its average volume of 199,542. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The company has a 50-day moving average of $604.62 and a 200-day moving average of $581.76. The firm has a market capitalization of $23.96 billion, a PE ratio of 102.16, a P/E/G ratio of 5.54 and a beta of 0.78. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million for 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%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 earnings per share. Analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal 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.