Wasatch Advisors LP Has $1.22 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Wasatch Advisors LP decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 24.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,092 shares of the technology company’s stock after selling 669 shares during the period. Wasatch Advisors LP’s holdings in Tyler Technologies were worth $1,221,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Waldron Private Wealth LLC increased its holdings in shares of Tyler Technologies by 3.5% during the second quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock worth $360,000 after buying an additional 24 shares in the last quarter. FWG Holdings LLC increased its holdings 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 buying an additional 27 shares in the last quarter. George Kaiser Family Foundation increased its holdings in shares of Tyler Technologies by 0.7% during the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after buying an additional 29 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings 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 buying an additional 31 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings 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 buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the subject of several recent analyst reports. Piper Sandler raised their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Robert W. Baird raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Barclays raised their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Finally, JMP Securities raised 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $642.62.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 37,100 shares of company stock valued at $22,309,090. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies Trading Down 0.2 %

Shares of NYSE TYL opened at $629.17 on Monday. The company’s fifty day moving average is $600.16 and its 200-day moving average is $557.28. The stock has a market cap of $26.93 billion, a price-to-earnings ratio of 114.81, a P/E/G ratio of 5.70 and a beta of 0.77. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $637.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $1.66 earnings per share. Equities research analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Tyler Technologies Company 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.