Centaurus Financial Inc. Has $7.57 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Centaurus Financial Inc. trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,099 shares of the technology company’s stock after selling 497 shares during the quarter. Centaurus Financial Inc.’s holdings in Tyler Technologies were worth $7,568,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TYL. Virtu Financial LLC lifted its holdings in shares of Tyler Technologies by 32.1% in the fourth quarter. Virtu Financial LLC now owns 1,071 shares of the technology company’s stock valued at $447,000 after purchasing an additional 260 shares in the last quarter. Oarsman Capital Inc. boosted its position in Tyler Technologies by 11.6% during the fourth quarter. Oarsman Capital Inc. now owns 3,380 shares of the technology company’s stock valued at $1,413,000 after purchasing an additional 351 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $897,000. Wasatch Advisors LP grew its position in shares of Tyler Technologies by 74.2% in the 4th quarter. Wasatch Advisors LP now owns 1,775 shares of the technology company’s stock valued at $742,000 after acquiring an additional 756 shares during the period. Finally, Shell Asset Management Co. increased its stake in shares of Tyler Technologies by 32.1% during the 4th quarter. Shell Asset Management Co. now owns 2,685 shares of the technology company’s stock worth $1,123,000 after purchasing an additional 653 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

Shares of TYL traded down $2.70 during mid-day trading on Friday, hitting $471.79. 170,008 shares of the company’s stock were exchanged, compared to its average volume of 182,472. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $500.49. The stock’s 50-day simple moving average is $461.42 and its 200-day simple moving average is $436.19. The firm has a market cap of $20.03 billion, a price-to-earnings ratio of 106.74, a price-to-earnings-growth ratio of 4.43 and a beta of 0.74.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.26. The firm had revenue of $512.36 million for the quarter, compared to analyst estimates of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, equities research analysts expect that Tyler Technologies, Inc. will post 7.1 EPS for the current year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 800 shares of Tyler Technologies stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the transaction, the chief financial officer now owns 12,736 shares in the company, valued at $6,104,110.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Daniel M. Pope sold 520 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total transaction of $255,413.60. Following the sale, the director now owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 800 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the transaction, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The disclosure for this sale can be found here. Insiders sold a total of 26,241 shares of company stock valued at $12,495,890 over the last quarter. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TYL has been the subject of several recent analyst reports. Truist Financial reiterated a “buy” rating and issued a $560.00 target price (up from $510.00) on shares of Tyler Technologies in a research note on Thursday, May 23rd. Needham & Company LLC lifted their target price on Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Oppenheimer increased their price target on Tyler Technologies from $500.00 to $550.00 and gave the company an “outperform” rating in a research note on Wednesday, May 22nd. BTIG Research lifted their price objective on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Finally, Loop Capital increased their price objective on shares of Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $519.09.

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.