First Republic Investment Management Inc. Sells 784 Shares of Tyler Technologies, Inc. (NYSE:TYL)

First Republic Investment Management Inc. decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 12.4% in the first quarter, Holdings Channel reports. The fund owned 5,562 shares of the technology company’s stock after selling 784 shares during the quarter. First Republic Investment Management Inc.’s holdings in Tyler Technologies were worth $1,973,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. ProShare Advisors LLC boosted its stake in shares of Tyler Technologies by 12.8% during the 1st quarter. ProShare Advisors LLC now owns 12,051 shares of the technology company’s stock worth $4,274,000 after purchasing an additional 1,371 shares during the period. Profund Advisors LLC acquired a new position in shares of Tyler Technologies in the first quarter valued at about $205,000. Charles Schwab Investment Management Inc. grew its holdings in Tyler Technologies by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 357,717 shares of the technology company’s stock worth $126,861,000 after acquiring an additional 4,625 shares during the period. Buckhead Capital Management LLC grew its stake in Tyler Technologies by 70.6% in the 1st quarter. Buckhead Capital Management LLC now owns 6,197 shares of the technology company’s stock valued at $2,198,000 after acquiring an additional 2,564 shares during the period. Finally, HighTower Advisors LLC boosted its stake in Tyler Technologies by 4.9% during the 1st quarter. HighTower Advisors LLC now owns 6,810 shares of the technology company’s stock worth $2,404,000 after purchasing an additional 316 shares during the last quarter. Institutional investors own 91.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays increased their price objective on Tyler Technologies from $400.00 to $425.00 and gave the company an “equal weight” rating in a research note on Friday, July 14th. DA Davidson lifted their price target on Tyler Technologies from $395.00 to $412.00 in a research report on Wednesday, July 19th. JPMorgan Chase & Co. began coverage on Tyler Technologies in a research report on Wednesday, June 21st. They set an “overweight” rating and a $472.00 price target on the stock. Robert W. Baird lifted their price target on Tyler Technologies from $470.00 to $475.00 in a research report on Friday, July 28th. Finally, StockNews.com began coverage on shares of Tyler Technologies in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $440.29.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $396.59, for a total value of $1,982,950.00. Following the sale, the chief executive officer now owns 80,000 shares of the company’s stock, valued at approximately $31,727,200. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $396.59, for a total value of $1,982,950.00. Following the sale, the chief executive officer now directly owns 80,000 shares in the company, valued at $31,727,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary L. Landrieu sold 325 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $388.44, for a total value of $126,243.00. Following the completion of the transaction, the director now owns 1,786 shares of the company’s stock, valued at approximately $693,753.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,436 shares of company stock valued at $2,946,986. 2.20% of the stock is owned by company insiders.

Tyler Technologies Trading Up 0.1 %

Shares of NYSE TYL opened at $390.91 on Friday. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 101.01 and a beta of 0.81. Tyler Technologies, Inc. has a 52 week low of $281.11 and a 52 week high of $426.83. The business has a 50 day simple moving average of $395.72 and a 200 day simple moving average of $376.65. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.00 and a current ratio of 1.00.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 26th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. Tyler Technologies had a return on equity of 8.94% and a net margin of 8.64%. The firm had revenue of $504.28 million during the quarter, compared to analysts’ expectations of $490.65 million. On average, research analysts predict that Tyler Technologies, Inc. will post 5.67 earnings per share for the current fiscal year.

About Tyler Technologies

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 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; student information and transportation solutions for K-12 schools; and financial management systems.