Tyler Technologies, Inc. (NYSE:TYL) Stock Holdings Decreased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lessened its position in Tyler Technologies, Inc. (NYSE:TYL) by 10.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 599 shares of the technology company’s stock after selling 68 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Tyler Technologies were worth $345,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Portfolio Design Labs LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at $315,000. Axecap Investments LLC lifted its stake in Tyler Technologies by 45.0% in the 4th quarter. Axecap Investments LLC now owns 4,825 shares of the technology company’s stock worth $2,782,000 after acquiring an additional 1,497 shares in the last quarter. Empowered Funds LLC lifted its stake in Tyler Technologies by 54.6% in the 4th quarter. Empowered Funds LLC now owns 3,588 shares of the technology company’s stock worth $2,069,000 after acquiring an additional 1,267 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in Tyler Technologies during the 4th quarter worth about $221,000. Finally, EULAV Asset Management grew its stake in Tyler Technologies by 7.3% during the 4th quarter. EULAV Asset Management now owns 245,684 shares of the technology company’s stock valued at $141,671,000 after acquiring an additional 16,700 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the company’s stock in a transaction on 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 sale, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at approximately $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 30,502 shares of company stock valued at $18,941,368. 2.20% of the stock is owned by insiders.

Tyler Technologies Price Performance

Shares of TYL opened at $611.01 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $26.15 billion, a PE ratio of 111.50, a P/E/G ratio of 4.78 and a beta of 0.78. The stock has a 50 day simple moving average of $595.47 and a 200 day simple moving average of $593.32. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on TYL. Robert W. Baird upped their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Truist Financial reissued a “buy” rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. DA Davidson restated a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. Finally, Oppenheimer raised their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $645.69.

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.