Motley Fool Wealth Management LLC Trims Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Motley Fool Wealth Management LLC cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,536 shares of the technology company’s stock after selling 362 shares during the quarter. Motley Fool Wealth Management LLC owned about 0.06% of Tyler Technologies worth $14,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in shares of Tyler Technologies by 665.0% in the first quarter. Cetera Investment Advisers now owns 14,199 shares of the technology company’s stock worth $6,035,000 after buying an additional 12,343 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of Tyler Technologies by 592.2% during the 1st quarter. Cetera Advisors LLC now owns 4,243 shares of the technology company’s stock valued at $1,803,000 after acquiring an additional 3,630 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Tyler Technologies by 51.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 124 shares of the technology company’s stock worth $62,000 after purchasing an additional 42 shares in the last quarter. Mather Group LLC. increased its position in shares of Tyler Technologies by 25.0% in the second quarter. Mather Group LLC. now owns 325 shares of the technology company’s stock worth $163,000 after purchasing an additional 65 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in Tyler Technologies by 13.7% in the second quarter. Fulton Bank N.A. now owns 622 shares of the technology company’s stock valued at $313,000 after purchasing an additional 75 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $44,323,500. The trade was a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of the firm’s 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 completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,350 shares of company stock worth $24,361,172. 1.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have commented on TYL. Needham & Company LLC boosted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. JMP Securities increased their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. Robert W. Baird lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Piper Sandler increased their price objective on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Stock Down 0.5 %

Shares of NYSE TYL opened at $622.62 on Wednesday. The firm’s fifty day moving average is $601.74 and its 200 day moving average is $559.18. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $637.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $26.65 billion, a price-to-earnings ratio of 113.62, a PEG ratio of 5.66 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.66 earnings per share. On average, equities research analysts expect that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

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.