NINE MASTS CAPITAL Ltd Has $9.05 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

NINE MASTS CAPITAL Ltd lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 12.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,000 shares of the technology company’s stock after selling 2,500 shares during the period. Tyler Technologies comprises about 2.6% of NINE MASTS CAPITAL Ltd’s holdings, making the stock its 7th largest holding. NINE MASTS CAPITAL Ltd’s holdings in Tyler Technologies were worth $9,050,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Independence Bank of Kentucky purchased a new position in shares of Tyler Technologies in the second quarter worth about $25,000. Kapitalo Investimentos Ltda purchased a new position in Tyler Technologies during the 4th quarter valued at about $26,000. Covestor Ltd increased its holdings in Tyler Technologies by 153.6% during the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after purchasing an additional 43 shares during the period. Blue Trust Inc. increased its holdings in Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after purchasing an additional 56 shares during the period. Finally, Lynx Investment Advisory purchased a new position in Tyler Technologies during the 2nd quarter valued at about $38,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total value of $3,603,062.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,236,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total value of $3,603,062.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,236,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel M. Pope sold 275 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $578.26, for a total value of $159,021.50. Following the completion of the sale, the director now owns 3,218 shares of the company’s stock, valued at $1,860,840.68. The disclosure for this sale can be found here. Insiders sold 19,375 shares of company stock worth $11,211,739 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of TYL opened at $586.14 on Thursday. The firm has a market cap of $25.01 billion, a PE ratio of 132.61, a P/E/G ratio of 5.37 and a beta of 0.78. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $559.59 and a two-hundred day simple moving average of $490.26. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $598.93.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.06. The business had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 EPS. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on TYL. Wells Fargo & Company boosted their price target on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Needham & Company LLC reiterated a “buy” rating and set a $600.00 target price on shares of Tyler Technologies in a report on Thursday, July 25th. JMP Securities upped their target price on Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. Oppenheimer upped their target price on Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, The Goldman Sachs Group upped their target price on Tyler Technologies from $515.00 to $627.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $582.31.

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.