Calamos Advisors LLC Cuts Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Calamos Advisors LLC decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,779 shares of the technology company’s stock after selling 389 shares during the period. Calamos Advisors LLC owned about 0.08% of Tyler Technologies worth $13,706,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. American Century Companies Inc. boosted its position in Tyler Technologies by 13.1% in the first quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock worth $591,000 after purchasing an additional 154 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Tyler Technologies by 69.1% in the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock worth $1,082,000 after purchasing an additional 993 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Tyler Technologies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock worth $2,439,000 after purchasing an additional 340 shares during the last quarter. Raymond James Trust N.A. boosted its position in Tyler Technologies by 4.3% in the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock worth $466,000 after purchasing an additional 43 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Tyler Technologies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock worth $52,683,000 after purchasing an additional 934 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,698,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,698,500. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the transaction, the insider now owns 6,400 shares of the company’s stock, valued at $2,799,936. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,608 shares of company stock worth $21,974,819. 2.20% of the stock is owned by company insiders.

Tyler Technologies Stock Performance

NYSE:TYL opened at $403.35 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $454.74. The firm has a market cap of $17.12 billion, a price-to-earnings ratio of 103.69, a PEG ratio of 3.97 and a beta of 0.81. The business’s fifty day moving average is $423.44 and its 200 day moving average is $413.63.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The company had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Research analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Needham & Company LLC boosted their price objective on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. JMP Securities restated a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a research note on Friday, February 16th. Piper Sandler boosted their target price on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. DA Davidson boosted their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $460.46.

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.