Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Bell Bank

Bell Bank trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 6.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,351 shares of the technology company’s stock after selling 150 shares during the period. Bell Bank’s holdings in Tyler Technologies were worth $1,356,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TYL. Van ECK Associates Corp increased its stake in Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock valued at $317,486,000 after purchasing an additional 524,259 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after buying an additional 307,498 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after acquiring an additional 275,511 shares during the period. Seilern Investment Management Ltd bought a new position in Tyler Technologies in the fourth quarter worth about $105,549,000. Finally, Handelsbanken Fonder AB boosted its stake in Tyler Technologies by 40.0% in the fourth quarter. Handelsbanken Fonder AB now owns 199,051 shares of the technology company’s stock valued at $114,781,000 after acquiring an additional 56,900 shares during the period. 93.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TYL. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Barclays raised their target price on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. JMP Securities lifted their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. Finally, Oppenheimer upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $676.25.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $47,355,750. The trade was a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock valued at $18,941,368 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Down 2.4 %

Tyler Technologies stock opened at $614.89 on Friday. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. The firm has a market capitalization of $26.45 billion, a price-to-earnings ratio of 101.47, a PEG ratio of 4.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The company’s 50 day simple moving average is $597.53 and its 200 day simple moving average is $596.32.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results 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%. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Tyler Technologies 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.