Clear Harbor Asset Management LLC Has $3.90 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Clear Harbor Asset Management LLC lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 15.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,759 shares of the technology company’s stock after selling 1,226 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Tyler Technologies were worth $3,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Tyler Technologies during the third quarter valued at $27,000. Tobam bought a new position in shares of Tyler Technologies in the third quarter worth about $78,000. Quarry LP bought a new stake in shares of Tyler Technologies during the third quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB raised its position in Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after purchasing an additional 21 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in Tyler Technologies during the 3rd quarter worth $79,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on TYL shares. Truist Financial reiterated a “buy” rating and issued a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Barclays lifted their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Needham & Company LLC boosted their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $643.77.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This trade represents a 63.21 % 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 business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,461,699.50. This represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock worth $26,096,928 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.

Tyler Technologies Trading Down 1.1 %

NYSE:TYL opened at $569.18 on Tuesday. 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 twelve month low of $397.80 and a twelve month high of $638.56. The company has a market cap of $24.36 billion, a P/E ratio of 103.87, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. The business has a 50 day moving average price of $599.72 and a two-hundred day moving average price of $584.55.

Tyler Technologies (NYSE:TYL) last issued 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 firm had revenue of $543.34 million for 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 company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 EPS. As a group, analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

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.