Commerce Bank Sells 304 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Commerce Bank decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,491 shares of the technology company’s stock after selling 304 shares during the period. Commerce Bank’s holdings in Tyler Technologies were worth $4,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co lifted its holdings in Tyler Technologies by 28.4% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 26,749 shares of the technology company’s stock valued at $15,433,000 after purchasing an additional 5,920 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Tyler Technologies by 183.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 12,270 shares of the technology company’s stock valued at $7,075,000 after purchasing an additional 7,943 shares during the period. Farringdon Capital Ltd. purchased a new position in shares of Tyler Technologies during the 4th quarter valued at $599,000. Marshall Wace LLP boosted its holdings in Tyler Technologies by 897.6% in the 4th quarter. Marshall Wace LLP now owns 112,210 shares of the technology company’s stock worth $64,705,000 after buying an additional 100,962 shares during the period. Finally, Wasatch Advisors LP boosted its holdings in Tyler Technologies by 3.0% in the 4th quarter. Wasatch Advisors LP now owns 2,154 shares of the technology company’s stock worth $1,242,000 after buying an additional 62 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 1,550 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. The trade was 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 worth $8,688,030 over the last three months. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Up 0.2 %

Shares of NYSE TYL opened at $570.61 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12-month low of $403.65 and a 12-month high of $661.31. The firm’s 50-day moving average price is $586.11 and its 200-day moving average price is $595.29. The stock has a market capitalization of $24.60 billion, a price-to-earnings ratio of 94.16, a P/E/G ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data 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 12.30% and a return on equity of 10.15%. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

TYL has been the topic of a number of recent analyst reports. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, April 11th. Wells Fargo & Company reissued 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. DA Davidson reaffirmed a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Finally, Barclays dropped their target price on shares of Tyler Technologies from $715.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $675.00.

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.