Flputnam Investment Management Co. Cuts Stake in Tyler Technologies, Inc. (NYSE:TYL)

Flputnam Investment Management Co. lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 40.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,604 shares of the technology company’s stock after selling 1,098 shares during the quarter. Flputnam Investment Management Co.’s holdings in Tyler Technologies were worth $671,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of TYL. Clear Street Markets LLC lifted its stake in Tyler Technologies by 95.2% during the first quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock worth $29,000 after purchasing an additional 40 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Tyler Technologies during the third quarter valued at $48,000. Cornerstone Planning Group LLC acquired a new position in Tyler Technologies during the second quarter worth about $49,000. Chilton Capital Management LLC purchased a new position in Tyler Technologies in the 4th quarter worth about $52,000. Finally, Column Capital Advisors LLC increased its stake in Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,639,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the sale, the chief executive officer now directly owns 79,502 shares of the company’s stock, valued at approximately $33,485,447.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,608 shares of company stock valued at $21,974,819. Insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 0.9 %

NYSE:TYL opened at $402.84 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $17.10 billion, a PE ratio of 103.56, a PEG ratio of 3.93 and a beta of 0.81. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $454.74. The stock has a 50-day simple moving average of $424.84 and a 200 day simple moving average of $413.56.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. DA Davidson lifted their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their price objective on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. JMP Securities reissued a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. Needham & Company LLC upped their price target on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Piper Sandler upped their price target on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $457.86.

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.