Tyler Technologies, Inc. (NYSE:TYL) Stake Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,059 shares of the technology company’s stock after purchasing an additional 1,870 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Tyler Technologies worth $18,486,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Larson Financial Group LLC boosted its holdings in Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock worth $26,000 after buying an additional 31 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter valued at $32,000. OFI Invest Asset Management bought a new stake in shares of Tyler Technologies during the 4th quarter worth $41,000. Smithfield Trust Co grew its holdings in shares of Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock worth $48,000 after acquiring an additional 30 shares during the last quarter. Finally, Private Trust Co. NA raised its position in shares of Tyler Technologies by 51.8% during the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock worth $49,000 after purchasing an additional 29 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.4 %

Shares of Tyler Technologies stock opened at $566.56 on Friday. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of 93.49, a P/E/G ratio of 4.93 and a beta of 0.80. The stock has a 50-day simple moving average of $598.88 and a 200-day simple moving average of $597.81. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TYL shares. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. The Goldman Sachs Group lifted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Needham & Company LLC restated a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. DA Davidson reiterated a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares of the company’s stock, valued at $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 2.20% of the company’s stock.

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.