Cerity Partners LLC Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Cerity Partners LLC purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYLGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 666 shares of the technology company’s stock, valued at approximately $222,000.

Several other institutional investors have also recently made changes to their positions in TYL. Steward Partners Investment Advisory LLC increased its stake in shares of Tyler Technologies by 3,533.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 218 shares of the technology company’s stock valued at $97,000 after buying an additional 212 shares during the period. Mutual of America Capital Management LLC grew its stake in Tyler Technologies by 1.1% in the first quarter. Mutual of America Capital Management LLC now owns 5,469 shares of the technology company’s stock valued at $2,433,000 after purchasing an additional 58 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Tyler Technologies by 10.5% in the first quarter. DAVENPORT & Co LLC now owns 494 shares of the technology company’s stock valued at $220,000 after purchasing an additional 47 shares during the last quarter. Metis Global Partners LLC purchased a new position in Tyler Technologies in the first quarter valued at about $289,000. Finally, Arizona State Retirement System grew its stake in Tyler Technologies by 2.6% in the first quarter. Arizona State Retirement System now owns 11,406 shares of the technology company’s stock valued at $5,074,000 after purchasing an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 89.42% of the company’s stock.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $321.73, for a total transaction of $804,325.00. Following the completion of the sale, the chief financial officer now owns 24,150 shares of the company’s stock, valued at $7,769,779.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $321.73, for a total value of $804,325.00. Following the completion of the transaction, the chief financial officer now directly owns 24,150 shares of the company’s stock, valued at $7,769,779.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jeffrey David Puckett sold 3,906 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $390.15, for a total value of $1,523,925.90. Following the completion of the transaction, the chief operating officer now directly owns 3,569 shares of the company’s stock, valued at $1,392,445.35. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on TYL shares. DA Davidson cut their target price on Tyler Technologies from $460.00 to $420.00 in a research note on Monday, October 17th. BTIG Research cut their target price on Tyler Technologies from $585.00 to $500.00 in a research note on Friday, October 28th. StockNews.com initiated coverage on Tyler Technologies in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Piper Sandler boosted their price target on Tyler Technologies from $405.00 to $468.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. Finally, Barclays dropped their price target on Tyler Technologies from $400.00 to $365.00 and set an “equal weight” rating on the stock in a research note on Friday, October 28th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $446.08.

Tyler Technologies Trading Up 1.6 %

Tyler Technologies stock opened at $326.93 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.41. Tyler Technologies, Inc. has a 52 week low of $281.11 and a 52 week high of $547.51. The company has a market capitalization of $13.61 billion, a price-to-earnings ratio of 73.80 and a beta of 0.84. The stock has a 50-day moving average price of $333.54 and a 200 day moving average price of $351.17.

Tyler Technologies Company Profile

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Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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