MCF Advisors LLC Sells 361 Shares of Tyler Technologies, Inc. (NYSE:TYL)

MCF Advisors LLC reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 8.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,030 shares of the technology company’s stock after selling 361 shares during the period. MCF Advisors LLC’s holdings in Tyler Technologies were worth $1,713,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies in the 4th quarter valued at about $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Tyler Technologies in the 4th quarter valued at about $31,000. Headlands Technologies LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $40,000. Lindbrook Capital LLC grew its position in shares of Tyler Technologies by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after buying an additional 39 shares during the period. Finally, Chilton Capital Management LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $52,000. 93.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TYL. Oppenheimer lifted their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Piper Sandler reiterated an “overweight” rating and set a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 24th. Robert W. Baird lifted their price target on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. BTIG Research lifted their price target on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Finally, JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $519.09.

Tyler Technologies Trading Up 1.8 %

NYSE:TYL traded up $8.97 during trading hours on Friday, hitting $502.78. The stock had a trading volume of 665,137 shares, compared to its average volume of 251,870. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $506.07. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $21.35 billion, a price-to-earnings ratio of 113.75, a P/E/G ratio of 4.64 and a beta of 0.74. The business’s 50 day moving average is $476.60 and its 200-day moving average is $441.36.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.26. The company had revenue of $512.36 million during the quarter, compared to analysts’ expectations of $507.79 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.1 EPS for the current fiscal year.

Insider Activity

In other news, CFO Brian K. Miller sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the transaction, the chief financial officer now owns 12,736 shares in the company, valued at $6,104,110.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Daniel M. Pope sold 520 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the completion of the transaction, the director now owns 3,493 shares in the company, valued at $1,715,691.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 800 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total transaction of $383,424.00. Following the transaction, the chief financial officer now owns 12,736 shares of the company’s stock, valued at approximately $6,104,110.08. The disclosure for this sale can be found here. Insiders sold 26,241 shares of company stock worth $12,495,890 over the last quarter. 2.20% of the stock is currently 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.