Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by One Day In July LLC

One Day In July LLC decreased its position in Tyler Technologies, Inc. (NYSE:TYL) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 774 shares of the technology company’s stock after selling 19 shares during the quarter. One Day In July LLC’s holdings in Tyler Technologies were worth $446,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TYL. Van ECK Associates Corp grew its position in shares of Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock worth $317,486,000 after buying an additional 524,259 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after buying an additional 307,498 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after buying an additional 275,511 shares in the last quarter. Seilern Investment Management Ltd acquired a new stake in shares of Tyler Technologies during the fourth quarter worth approximately $105,549,000. Finally, Handelsbanken Fonder AB grew its position in shares of Tyler Technologies by 40.0% during the fourth quarter. Handelsbanken Fonder AB now owns 199,051 shares of the technology company’s stock worth $114,781,000 after buying an additional 56,900 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TYL shares. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Barclays lifted their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. DA Davidson reaffirmed a “neutral” rating and issued a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $676.25.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the transaction, the chief financial officer now directly owns 12,198 shares in the company, valued at approximately $7,709,257.98. The trade was a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock worth $18,941,368 over the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Performance

TYL stock opened at $628.12 on Friday. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The stock’s fifty day moving average is $597.45 and its two-hundred day moving average is $596.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market capitalization of $26.88 billion, a price-to-earnings ratio of 103.65, a PEG ratio of 5.04 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, research analysts predict that Tyler Technologies, Inc. will post 8.52 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.