Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Davis R M Inc.

Davis R M Inc. decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 16.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,490 shares of the technology company’s stock after selling 300 shares during the period. Davis R M Inc.’s holdings in Tyler Technologies were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky bought a new stake in Tyler Technologies during the second quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Tyler Technologies during the 3rd quarter worth $27,000. Blue Trust Inc. grew its holdings in shares of Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Tyler Technologies during the second quarter worth $38,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Tyler Technologies during the second quarter valued at $61,000. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $44,323,500. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $7,461,699.50. This trade represents a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,600 shares of company stock worth $16,412,595 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group restated a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a report on Friday, September 13th. Truist Financial restated a “buy” rating and issued a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. DA Davidson lifted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Oppenheimer lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Trading Up 2.5 %

Shares of NYSE TYL opened at $624.16 on Tuesday. The business has a 50 day simple moving average of $595.22 and a 200 day simple moving average of $552.15. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43. The stock has a market cap of $26.71 billion, a price-to-earnings ratio of 113.90, a PEG ratio of 5.52 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same quarter in the prior year, the business posted $1.66 EPS. Tyler Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. On average, research analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

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.