Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Avalon Trust Co

Avalon Trust Co lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,045 shares of the technology company’s stock after selling 65 shares during the period. Avalon Trust Co’s holdings in Tyler Technologies were worth $12,135,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of TYL. Entropy Technologies LP acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at $463,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Tyler Technologies by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 95,789 shares of the technology company’s stock valued at $55,914,000 after purchasing an additional 1,258 shares during the last quarter. KBC Group NV lifted its stake in shares of Tyler Technologies by 30.7% in the 3rd quarter. KBC Group NV now owns 15,540 shares of the technology company’s stock valued at $9,071,000 after purchasing an additional 3,646 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Tyler Technologies by 4.1% in the 3rd quarter. Metis Global Partners LLC now owns 1,695 shares of the technology company’s stock valued at $989,000 after purchasing an additional 66 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Tyler Technologies by 2.3% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock valued at $804,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Piper Sandler boosted their price objective on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a report on Friday, February 14th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Finally, Barclays upped their price target on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Trading Up 1.9 %

TYL opened at $563.81 on Friday. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The company has a market cap of $24.25 billion, a P/E ratio of 93.04, a PEG ratio of 4.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The business’s 50-day simple moving average is $598.55 and its 200-day simple moving average is $598.36.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock valued at $8,688,030 in the last three months. 2.20% of the stock is currently owned by company insiders.

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.