Motley Fool Wealth Management LLC Sells 767 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Motley Fool Wealth Management LLC trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,769 shares of the technology company’s stock after selling 767 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Tyler Technologies were worth $13,675,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Larson Financial Group LLC increased its stake in Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock worth $26,000 after buying an additional 31 shares during the period. Sierra Ocean LLC purchased a new position in shares of Tyler Technologies during the fourth quarter worth approximately $32,000. OFI Invest Asset Management bought a new stake in shares of Tyler Technologies during the fourth quarter valued at approximately $41,000. Smithfield Trust Co raised its stake in shares of Tyler Technologies by 55.6% during the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock valued at $48,000 after acquiring an additional 30 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Tyler Technologies by 51.8% in the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after purchasing an additional 29 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $580.89 on Wednesday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The business’s fifty day simple moving average is $599.38 and its 200-day simple moving average is $597.96. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $25.04 billion, a PE ratio of 95.86, a PEG ratio of 4.93 and a beta of 0.80.

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

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TYL shares. Piper Sandler lifted their target price on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. DA Davidson reissued a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $676.25.

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.