Securian Asset Management Inc. Sells 100 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Securian Asset Management Inc. trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 4.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,279 shares of the technology company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Tyler Technologies were worth $1,314,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Tyler Technologies by 1,666.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the technology company’s stock valued at $275,000 after buying an additional 450 shares during the last quarter. Wealthfront Advisers LLC boosted its position in Tyler Technologies by 8,973.6% in the 4th quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company’s stock valued at $89,052,000 after buying an additional 152,731 shares during the last quarter. Inspire Advisors LLC boosted its position in Tyler Technologies by 2.5% in the 4th quarter. Inspire Advisors LLC now owns 1,007 shares of the technology company’s stock valued at $580,000 after buying an additional 25 shares during the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of Tyler Technologies by 7.6% in the 4th quarter. Citizens Financial Group Inc. RI now owns 380 shares of the technology company’s stock valued at $219,000 after purchasing an additional 27 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Tyler Technologies by 8.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,712 shares of the technology company’s stock valued at $3,294,000 after purchasing an additional 430 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. DA Davidson reissued a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, Piper Sandler increased their price target on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $676.25.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $563.81 on Friday. The company has a market capitalization of $24.25 billion, a PE ratio of 93.04, a PEG ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $598.95 and its 200 day simple moving average is $598.28.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This represents a 46.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares of the company’s stock, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 2.20% of the company’s stock.

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.