Motley Fool Wealth Management LLC Trims Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Motley Fool Wealth Management LLC trimmed its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.5% in the 3rd quarter, Holdings Channel reports. The fund owned 24,536 shares of the technology company’s stock after selling 362 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Tyler Technologies were worth $14,322,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky bought a new stake in shares of Tyler Technologies in the 2nd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in Tyler Technologies in the third quarter worth $27,000. Blue Trust Inc. grew its stake in shares of Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Tyler Technologies in the second quarter worth $61,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in Tyler Technologies by 51.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 124 shares of the technology company’s stock valued at $62,000 after purchasing an additional 42 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 3,250 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $47,355,750. This trade represents a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,350 shares of company stock valued at $24,361,172 over the last ninety days. 1.50% of the stock is currently owned by company insiders.

Tyler Technologies Price Performance

NYSE TYL opened at $622.62 on Wednesday. The business’s fifty day moving average is $601.74 and its 200 day moving average is $559.18. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $637.53. The company has a market capitalization of $26.65 billion, a PE ratio of 113.62, a price-to-earnings-growth ratio of 5.66 and a beta of 0.76.

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, topping the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million during the quarter, compared to analyst estimates 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 in the prior year, the firm posted $1.66 EPS. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on TYL shares. Barclays upped their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Truist Financial reissued a “buy” rating and issued a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. DA Davidson upped their price target on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. JMP Securities lifted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Finally, Robert W. Baird upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $642.62.

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.