Empower Advisory Group LLC Has $303,000 Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Empower Advisory Group LLC decreased its position in Tyler Technologies, Inc. (NYSE:TYL) by 23.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 519 shares of the technology company’s stock after selling 162 shares during the period. Empower Advisory Group LLC’s holdings in Tyler Technologies were worth $303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Waldron Private Wealth LLC grew its holdings in shares of Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock valued at $360,000 after buying an additional 24 shares during the period. Industrial Alliance Investment Management Inc. grew its holdings in shares of Tyler Technologies by 4.4% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after buying an additional 29 shares during the period. George Kaiser Family Foundation grew its holdings in shares of Tyler Technologies by 0.7% in the 2nd quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock valued at $2,100,000 after buying an additional 29 shares during the period. UMB Bank n.a. grew its holdings in shares of Tyler Technologies by 2.4% in the 3rd quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock valued at $790,000 after buying an additional 32 shares during the period. Finally, Torray Investment Partners LLC grew its holdings in shares of Tyler Technologies by 0.3% in the 2nd quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company’s stock valued at $5,536,000 after buying an additional 33 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird 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 note on Friday, October 25th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Needham & Company LLC upped their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, JMP Securities upped their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies Stock Down 2.8 %

Shares of TYL stock opened at $597.10 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm’s 50-day moving average is $593.78 and its 200-day moving average is $546.45. The stock has a market cap of $25.56 billion, a price-to-earnings ratio of 108.96, a PEG ratio of 5.56 and a beta of 0.77. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $631.43.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

Insider Activity

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $45,436,500. This represents a 7.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,042,738.02. This represents a 41.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,600 shares of company stock valued at $19,307,295. 2.20% of the stock is owned by company insiders.

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.