Old Port Advisors Has $4.90 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Old Port Advisors decreased its position in Tyler Technologies, Inc. (NYSE:TYL) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,494 shares of the technology company’s stock after selling 103 shares during the period. Tyler Technologies makes up approximately 1.4% of Old Port Advisors’ holdings, making the stock its 13th biggest position. Old Port Advisors’ holdings in Tyler Technologies were worth $4,898,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Tyler Technologies by 148.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after acquiring an additional 275,511 shares in the last quarter. Franklin Resources Inc. increased its holdings in Tyler Technologies by 2.0% in the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock worth $547,354,000 after purchasing an additional 17,943 shares in the last quarter. Tidal Investments LLC lifted its stake in Tyler Technologies by 11.2% in the third quarter. Tidal Investments LLC now owns 2,412 shares of the technology company’s stock valued at $1,408,000 after buying an additional 243 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Tyler Technologies during the 3rd quarter worth approximately $651,000. Finally, Sanctuary Advisors LLC increased its stake in shares of Tyler Technologies by 411.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 13,716 shares of the technology company’s stock valued at $8,354,000 after acquiring an additional 11,032 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.1 %

Tyler Technologies stock traded down $0.37 during midday trading on Thursday, hitting $576.27. 48,859 shares of the stock were exchanged, compared to its average volume of 234,590. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 105.16, a price-to-earnings-growth ratio of 5.54 and a beta of 0.76. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The business’s 50-day moving average price is $609.69 and its 200-day moving average price is $576.61.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 EPS. On average, research analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TYL. The Goldman Sachs Group restated a “buy” rating and issued a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Robert W. Baird raised their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. DA Davidson upped their price target on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Needham & Company LLC boosted their price objective on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $642.62.

Insider Activity

In other news, CFO Brian K. Miller sold 3,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,202,504. This represents a 20.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s 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 completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $45,436,500. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,252 shares of company stock valued at $26,096,928 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Company 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.