NEOS Investment Management LLC Has $571,000 Stake in Tyler Technologies, Inc. (NYSE:TYL)

NEOS Investment Management LLC lowered its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 11.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 990 shares of the technology company’s stock after selling 123 shares during the quarter. NEOS Investment Management LLC’s holdings in Tyler Technologies were worth $571,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC lifted its holdings in shares of Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock worth $26,000 after acquiring an additional 31 shares during the period. Sierra Ocean LLC acquired a new position in Tyler Technologies in the fourth quarter worth about $32,000. OFI Invest Asset Management bought a new position in Tyler Technologies during the fourth quarter worth about $41,000. Smithfield Trust Co boosted its holdings in Tyler Technologies by 55.6% during the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock valued at $48,000 after purchasing an additional 30 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of Tyler Technologies by 51.8% in the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TYL. DA Davidson restated a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Piper Sandler boosted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Truist Financial reaffirmed a “buy” rating and set a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 1,550 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares of the company’s stock, valued at $8,606,073.08. This represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 in the last quarter. 2.20% of the stock is owned by company insiders.

Tyler Technologies Stock Up 0.2 %

Shares of TYL opened at $579.39 on Monday. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of 95.61, a PEG ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The business’s fifty day moving average price is $599.76 and its two-hundred day moving average price is $597.71.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data 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 return on equity of 10.15% and a net margin of 12.30%. On average, analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share 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.