Wealth Alliance Reduces Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Wealth Alliance reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 649 shares of the technology company’s stock after selling 61 shares during the period. Wealth Alliance’s holdings in Tyler Technologies were worth $374,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in Tyler Technologies in the third quarter worth about $27,000. Sierra Ocean LLC purchased a new stake in Tyler Technologies in the fourth quarter worth about $32,000. Quarry LP purchased a new stake in Tyler Technologies in the third quarter worth about $78,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after buying an additional 21 shares during the period. Finally, Brooklyn Investment Group purchased a new stake in Tyler Technologies in the third quarter worth about $79,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 2.4 %

NYSE:TYL opened at $614.89 on Friday. The company has a 50 day simple moving average of $597.53 and a two-hundred day simple moving average of $596.32. The company has a market cap of $26.32 billion, a PE ratio of 101.47, a price-to-earnings-growth ratio of 5.04 and a beta of 0.78. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

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

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the transaction, the chief financial officer now owns 12,198 shares in the company, valued at approximately $7,709,257.98. The trade was a 17.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $18,941,368 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on TYL. JMP Securities raised their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. Barclays raised their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Robert W. Baird raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $676.25.

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.