Barclays PLC decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,125 shares of the technology company’s stock after selling 5,629 shares during the period. Barclays PLC owned approximately 0.20% of Tyler Technologies worth $37,208,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in Tyler Technologies by 1.1% during the 3rd quarter. BlackRock Inc. now owns 3,947,258 shares of the technology company’s stock valued at $1,810,412,000 after buying an additional 44,655 shares during the period. Inscription Capital LLC acquired a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $278,000. R.P. Boggs & Co. grew its stake in shares of Tyler Technologies by 2.3% in the 3rd quarter. R.P. Boggs & Co. now owns 12,509 shares of the technology company’s stock worth $5,737,000 after purchasing an additional 280 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Tyler Technologies by 16.2% in the 3rd quarter. Principal Financial Group Inc. now owns 1,951,936 shares of the technology company’s stock worth $895,255,000 after purchasing an additional 272,794 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Tyler Technologies by 142.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 697 shares of the technology company’s stock worth $256,000 after purchasing an additional 410 shares during the last quarter. 90.02% of the stock is currently owned by hedge funds and other institutional investors.
TYL stock opened at $480.52 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a market cap of $19.69 billion, a P/E ratio of 125.79 and a beta of 0.69. The firm has a 50 day simple moving average of $519.36 and a 200 day simple moving average of $496.97. Tyler Technologies, Inc. has a 52 week low of $372.80 and a 52 week high of $557.55.
Several brokerages have recently issued reports on TYL. TheStreet raised shares of Tyler Technologies from a “c” rating to a “b-” rating in a research note on Wednesday, October 27th. JMP Securities lifted their price objective on shares of Tyler Technologies from $525.00 to $580.00 and gave the stock a “market outperform” rating in a research note on Monday, November 1st. Piper Sandler lifted their target price on shares of Tyler Technologies from $525.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, October 29th. Finally, Zacks Investment Research downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating and set a $492.00 target price on the stock. in a research report on Tuesday, September 28th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Tyler Technologies presently has a consensus rating of “Buy” and a consensus target price of $549.95.
In other Tyler Technologies news, Chairman John S. Marr, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, November 4th. The shares were sold at an average price of $547.80, for a total value of $5,478,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, November 2nd. The shares were sold at an average price of $540.13, for a total transaction of $2,700,650.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 65,421 shares of company stock valued at $34,852,502. 2.70% of the stock is currently owned by corporate insiders.
Tyler Technologies Company Profile
Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.
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