Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by FourThought Financial LLC

FourThought Financial LLC boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL – Get Rating) by 16.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243 shares of the technology company’s stock after purchasing an additional 34 shares during the quarter. FourThought Financial LLC’s holdings in Tyler Technologies were worth $84,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at $32,000. Ronald Blue Trust Inc. purchased a new stake in shares of Tyler Technologies in the 2nd quarter valued at about $54,000. Logan Capital Management Inc. lifted its holdings in shares of Tyler Technologies by 2,360.0% in the 3rd quarter. Logan Capital Management Inc. now owns 123 shares of the technology company’s stock valued at $43,000 after purchasing an additional 118 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $56,000. Finally, Koshinski Asset Management Inc. purchased a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $267,000. 89.45% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 1.5 %

Shares of TYL stock opened at $326.61 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $13.66 billion, a PE ratio of 84.40 and a beta of 0.81. Tyler Technologies, Inc. has a 1-year low of $281.11 and a 1-year high of $453.03. The business’s fifty day moving average price is $324.80 and its 200 day moving average price is $331.06.

Analyst Ratings Changes

Several analysts have recently weighed in on TYL shares. StockNews.com started coverage on Tyler Technologies in a report on Thursday. They issued a “hold” rating for the company. Credit Suisse Group reduced their target price on Tyler Technologies from $375.00 to $370.00 and set a “neutral” rating for the company in a report on Tuesday, February 21st. Needham & Company LLC reissued a “buy” rating and issued a $475.00 target price on shares of Tyler Technologies in a report on Friday, February 17th. JMP Securities reduced their price objective on Tyler Technologies from $465.00 to $415.00 in a research note on Friday, February 17th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $450.00 target price on shares of Tyler Technologies in a research note on Friday. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $433.62.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 838 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $326.37, for a total value of $273,498.06. Following the sale, the chief financial officer now owns 18,456 shares of the company’s stock, valued at $6,023,484.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 4,417 shares of the company’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $326.64, for a total value of $1,442,768.88. Following the sale, the chief executive officer now owns 89,905 shares of the company’s stock, valued at $29,366,569.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 838 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $326.37, for a total value of $273,498.06. Following the sale, the chief financial officer now directly owns 18,456 shares in the company, valued at approximately $6,023,484.72. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,898 shares of company stock valued at $6,195,979. Insiders own 2.00% of the company’s stock.

Tyler Technologies Profile

(Get Rating)

Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for the public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.