Triangle Securities Wealth Management Decreases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Triangle Securities Wealth Management reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 793 shares of the technology company’s stock after selling 31 shares during the quarter. Triangle Securities Wealth Management’s holdings in Tyler Technologies were worth $457,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. FWG Holdings LLC lifted its position in shares of Tyler Technologies by 3.1% during the third quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock worth $551,000 after purchasing an additional 27 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Tyler Technologies by 2.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock worth $804,000 after purchasing an additional 31 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Tyler Technologies by 2.4% during the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock worth $790,000 after purchasing an additional 32 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Tyler Technologies by 1.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,746 shares of the technology company’s stock worth $878,000 after purchasing an additional 33 shares in the last quarter. Finally, Empirical Finance LLC lifted its position in shares of Tyler Technologies by 2.6% during the third quarter. Empirical Finance LLC now owns 1,342 shares of the technology company’s stock worth $783,000 after purchasing an additional 34 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 75,000 shares in the company, valued at $45,436,500. This represents a 7.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the transaction, the chief financial officer now owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,252 shares of company stock worth $26,096,928. Insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Down 1.1 %

Tyler Technologies stock opened at $569.18 on Monday. The company has a 50-day simple moving average of $600.60 and a 200-day simple moving average of $584.12. The firm has a market capitalization of $24.36 billion, a P/E ratio of 103.87, a P/E/G ratio of 4.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 earnings per share. As a group, equities analysts expect that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TYL shares. Oppenheimer boosted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Truist Financial reaffirmed a “buy” rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Piper Sandler upped their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, JMP Securities upped their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $643.77.

Tyler Technologies Profile

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.