Nicolet Advisory Services LLC Raises Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Nicolet Advisory Services LLC lifted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,853 shares of the technology company’s stock after purchasing an additional 163 shares during the period. Nicolet Advisory Services LLC’s holdings in Tyler Technologies were worth $1,037,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. FMR LLC grew its stake in Tyler Technologies by 94.1% in the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock worth $63,812,000 after purchasing an additional 52,984 shares during the period. Public Sector Pension Investment Board increased its stake in shares of Tyler Technologies by 18.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,932 shares of the technology company’s stock worth $1,128,000 after acquiring an additional 300 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Tyler Technologies by 271.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 1,504 shares of the technology company’s stock valued at $878,000 after acquiring an additional 1,099 shares during the period. Centiva Capital LP bought a new stake in Tyler Technologies during the third quarter worth about $887,000. Finally, Hilltop Holdings Inc. purchased a new stake in Tyler Technologies in the third quarter worth about $646,000. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares of the company’s stock, 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. Over the last quarter, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by insiders.

Tyler Technologies Trading Down 0.4 %

NYSE:TYL opened at $582.38 on Thursday. The company has a 50 day simple moving average of $599.91 and a two-hundred day simple moving average of $597.61. The company has a market cap of $25.10 billion, a PE ratio of 96.10, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. 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, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS 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%. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TYL shares. Barclays lifted their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. DA Davidson reiterated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group raised their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies presently 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.