Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,369 shares of the technology company’s stock after selling 1,033 shares during the quarter. Norris Perne & French LLP MI’s holdings in Tyler Technologies were worth $11,890,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in Tyler Technologies by 64.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,032 shares of the technology company’s stock worth $864,000 after purchasing an additional 798 shares in the last quarter. Private Advisor Group LLC raised its position in Tyler Technologies by 40.4% during the first quarter. Private Advisor Group LLC now owns 1,143 shares of the technology company’s stock worth $486,000 after acquiring an additional 329 shares during the period. Diversify Advisory Services LLC purchased a new position in Tyler Technologies during the first quarter valued at $413,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Tyler Technologies by 3.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,905 shares of the technology company’s stock valued at $11,476,000 after purchasing an additional 989 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of Tyler Technologies by 2.9% during the first quarter. Janney Montgomery Scott LLC now owns 11,278 shares of the technology company’s stock worth $4,793,000 after purchasing an additional 313 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $605.63 on Friday. The firm has a 50 day moving average of $586.82 and a two-hundred day moving average of $531.57. The stock has a market capitalization of $25.92 billion, a PE ratio of 110.52, a P/E/G ratio of 5.55 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52 week low of $362.50 and a 52 week high of $631.43.

Tyler Technologies (NYSE:TYL) last released 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. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same period last year, the business posted $1.66 earnings per share. Tyler Technologies’s revenue was up 9.8% compared to the same quarter last year. On average, research analysts predict that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

Analysts Set New Price Targets

TYL has been the topic of a number of research reports. Needham & Company LLC raised their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. DA Davidson raised their price objective on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Piper Sandler upped their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, JMP Securities lifted their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. 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 data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total value of $3,603,062.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $43,236,750. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total value of $3,603,062.50. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $43,236,750. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies 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 of the company’s stock, valued at $43,246,500. 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 ninety days, insiders sold 29,100 shares of company stock valued at $16,890,717. 2.20% of the stock is currently owned by corporate insiders.

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.