Raymond James & Associates Trims Stake in Tyler Technologies, Inc. (NYSE:TYL)

Raymond James & Associates decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYLFree Report) by 1.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,691 shares of the technology company’s stock after selling 352 shares during the quarter. Raymond James & Associates’ holdings in Tyler Technologies were worth $12,833,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Tyler Technologies by 13.1% in the 1st quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock valued at $591,000 after purchasing an additional 154 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Tyler Technologies by 69.1% during the 1st quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock valued at $1,082,000 after acquiring an additional 993 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Tyler Technologies by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock worth $2,439,000 after acquiring an additional 340 shares during the period. Raymond James Trust N.A. boosted its position in shares of Tyler Technologies by 4.3% in the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock worth $466,000 after acquiring an additional 43 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Tyler Technologies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after purchasing an additional 934 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on TYL. Piper Sandler increased their price target on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a research report on Friday, February 16th. DA Davidson boosted their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Needham & Company LLC raised their price objective on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Three investment 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $457.86.

Get Our Latest Stock Report on TYL

Tyler Technologies Trading Up 0.4 %

NYSE TYL opened at $415.42 on Thursday. The stock has a market cap of $17.63 billion, a P/E ratio of 106.79, a PEG ratio of 4.10 and a beta of 0.81. The company’s fifty day simple moving average is $428.70 and its 200-day simple moving average is $411.93. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 52 week low of $342.59 and a 52 week high of $454.74.

Tyler Technologies (NYSE:TYLGet Free Report) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. Equities research analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $32,639,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the transaction, the chief financial officer now owns 14,610 shares of the company’s stock, valued at $6,472,083.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,639,250. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,608 shares of company stock valued at $21,974,819. Insiders own 2.20% of the company’s stock.

Tyler Technologies Company Profile

(Free Report)

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.

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

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