Old Port Advisors Sells 181 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Old Port Advisors decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 2.1% in the third quarter, Holdings Channel reports. The firm owned 8,597 shares of the technology company’s stock after selling 181 shares during the quarter. Tyler Technologies accounts for about 1.4% of Old Port Advisors’ portfolio, making the stock its 12th biggest position. Old Port Advisors’ holdings in Tyler Technologies were worth $5,018,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TYL. Swedbank AB bought a new stake in shares of Tyler Technologies in the second quarter worth $251,390,000. International Assets Investment Management LLC grew its holdings in shares of Tyler Technologies by 252,047.5% in the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after acquiring an additional 307,498 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Tyler Technologies by 15.3% in the first quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock worth $226,501,000 after acquiring an additional 70,801 shares during the period. Quantum Capital Management LLC NJ grew its holdings in shares of Tyler Technologies by 179.4% in the first quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company’s stock worth $45,799,000 after acquiring an additional 69,189 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Tyler Technologies by 18.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock valued at $180,622,000 after purchasing an additional 65,814 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Glenn A. Carter sold 3,350 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total value of $1,951,609.50. Following the sale, the director now owns 2,654 shares in the company, valued at approximately $1,546,140.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,100 shares of company stock worth $16,890,717. Corporate insiders own 1.50% of the company’s stock.

Tyler Technologies Price Performance

NYSE:TYL opened at $605.39 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $25.91 billion, a P/E ratio of 110.47, a P/E/G ratio of 5.53 and a beta of 0.78. Tyler Technologies, Inc. has a 12 month low of $362.50 and a 12 month high of $631.43. The business’s 50-day moving average is $585.40 and its 200 day moving average is $529.57.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.66 earnings per share. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 7.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TYL has been the subject of several recent research reports. Robert W. Baird boosted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday. Barclays boosted their price target on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday. The Goldman Sachs Group reissued a “buy” rating and set a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Wells Fargo & Company boosted their price target on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Needham & Company LLC boosted their price target on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $642.62.

About Tyler Technologies

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.