Tyler Technologies, Inc. (NYSE:TYL) Stake Decreased by Commerce Bank

Commerce Bank trimmed its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 10.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,795 shares of the technology company’s stock after selling 918 shares during the quarter. Commerce Bank’s holdings in Tyler Technologies were worth $4,550,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TYL. Covestor Ltd increased its holdings in shares of Tyler Technologies by 153.6% during the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after purchasing an additional 43 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Tyler Technologies by 143.8% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company’s stock worth $762,000 after buying an additional 1,058 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Tyler Technologies by 2.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 17,040 shares of the technology company’s stock worth $7,237,000 after acquiring an additional 449 shares during the period. Natixis boosted its holdings in shares of Tyler Technologies by 114.0% in the first quarter. Natixis now owns 2,253 shares of the technology company’s stock valued at $958,000 after acquiring an additional 1,200 shares in the last quarter. Finally, 1832 Asset Management L.P. increased its stake in shares of Tyler Technologies by 9.3% during the first quarter. 1832 Asset Management L.P. now owns 2,053 shares of the technology company’s stock valued at $873,000 after acquiring an additional 174 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Tyler Technologies news, Director Glenn A. Carter sold 3,350 shares of Tyler Technologies 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 completion of the sale, the director now directly owns 2,654 shares in the company, valued at $1,546,140.78. The trade was a 55.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,461,699.50. This trade represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,600 shares of company stock worth $16,412,595 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 2.0 %

Shares of Tyler Technologies stock opened at $609.09 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $631.43. The stock has a 50-day moving average price of $594.68 and a 200 day moving average price of $550.24. The company has a market cap of $26.07 billion, a P/E ratio of 111.15, a P/E/G ratio of 5.41 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million during 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%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $1.66 earnings per share. As a group, analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BTIG Research increased their price target on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research note on Friday, July 26th. DA Davidson boosted their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Truist Financial restated a “buy” rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Barclays boosted their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Evercore ISI upgraded shares of Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.