Moran Wealth Management LLC Reduces Stake in Tyler Technologies, Inc. (NYSE:TYL)

Moran Wealth Management LLC lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,246 shares of the technology company’s stock after selling 27 shares during the quarter. Moran Wealth Management LLC’s holdings in Tyler Technologies were worth $727,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. APG Asset Management N.V. increased its position in shares of Tyler Technologies by 1.4% during the 2nd quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after purchasing an additional 20,842 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock worth $226,501,000 after acquiring an additional 70,801 shares during the last quarter. Swedbank AB bought a new stake in shares of Tyler Technologies during the 2nd quarter valued at $251,390,000. Price T Rowe Associates Inc. MD increased its stake in shares of Tyler Technologies by 18.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock worth $180,622,000 after purchasing an additional 65,814 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in Tyler Technologies by 252,047.5% in the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after purchasing an additional 307,498 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,461,699.50. The trade was a 17.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction that occurred on 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 directly owns 75,000 shares of the company’s stock, valued at $45,436,500. The trade was a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,600 shares of company stock worth $16,412,595 in the last three months. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

TYL has been the subject of a number of analyst reports. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. DA Davidson raised their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Truist Financial reiterated a “buy” rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Barclays raised their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $597.21 on Friday. The firm has a market cap of $25.56 billion, a PE ratio of 108.98, a PEG ratio of 5.41 and a beta of 0.77. The stock has a 50 day moving average of $594.40 and a 200 day moving average of $549.91. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $631.43.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 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 the consensus estimate of $547.34 million. During the same period in the prior year, the company earned $1.66 EPS. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. On average, research analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

About Tyler Technologies

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.