Kopion Asset Management LLC Lowers Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Kopion Asset Management LLC reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,084 shares of the technology company’s stock after selling 34 shares during the quarter. Tyler Technologies makes up 0.4% of Kopion Asset Management LLC’s portfolio, making the stock its 20th biggest holding. Kopion Asset Management LLC’s holdings in Tyler Technologies were worth $625,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at about $27,000. Quarry LP acquired a new position in shares of Tyler Technologies during the third quarter worth about $78,000. Tobam bought a new position in Tyler Technologies during the 3rd quarter worth approximately $78,000. Brooklyn Investment Group acquired a new stake in shares of Tyler Technologies during the 3rd quarter valued at approximately $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in Tyler Technologies in the third quarter worth $82,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders sold 42,252 shares of company stock worth $26,096,928. 1.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on TYL. Piper Sandler boosted 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. Oppenheimer increased their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. DA Davidson lifted their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird lifted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Truist Financial restated a “buy” rating and set a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $643.77.

Tyler Technologies Stock Up 1.6 %

TYL stock traded up $9.04 during trading hours on Wednesday, hitting $579.31. The company’s stock had a trading volume of 11,448 shares, compared to its average volume of 191,800. The stock has a 50 day moving average price of $603.11 and a two-hundred day moving average price of $582.71. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The company has a market capitalization of $24.79 billion, a PE ratio of 105.71, a price-to-earnings-growth ratio of 5.54 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last posted its 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 firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same period in the prior year, the business posted $1.66 earnings per share. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, equities research analysts expect that Tyler Technologies, Inc. will post 7.36 earnings per share for the current 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.