Signaturefd LLC Has $176,000 Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Signaturefd LLC cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 421 shares of the technology company’s stock after selling 42 shares during the period. Signaturefd LLC’s holdings in Tyler Technologies were worth $176,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. boosted its position in Tyler Technologies by 2.7% in the third quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock valued at $423,000 after buying an additional 29 shares in the last quarter. Baron Wealth Management LLC boosted its position in Tyler Technologies by 2.0% in the fourth quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock valued at $612,000 after buying an additional 29 shares in the last quarter. Cavalier Investments LLC boosted its position in Tyler Technologies by 2.7% in the third quarter. Cavalier Investments LLC now owns 1,352 shares of the technology company’s stock valued at $522,000 after buying an additional 35 shares in the last quarter. CIBC Asset Management Inc boosted its position in Tyler Technologies by 0.6% in the third quarter. CIBC Asset Management Inc now owns 6,030 shares of the technology company’s stock valued at $2,328,000 after buying an additional 35 shares in the last quarter. Finally, Allred Capital Management LLC boosted its position in Tyler Technologies by 0.8% in the third quarter. Allred Capital Management LLC now owns 4,663 shares of the technology company’s stock valued at $1,801,000 after buying an additional 36 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of recent analyst reports. JMP Securities restated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research report on Friday. Oppenheimer boosted their target price on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 target price on shares of Tyler Technologies in a research note on Thursday. DA Davidson boosted their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Finally, Robert W. Baird boosted their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $480.60.

Tyler Technologies Trading Up 0.6 %

TYL opened at $460.74 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $19.56 billion, a price-to-earnings ratio of 104.24, a price-to-earnings-growth ratio of 4.38 and a beta of 0.81. The firm has a 50 day simple moving average of $423.02 and a 200 day simple moving average of $415.62. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $465.78.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.01 earnings per share for the current year.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the completion of the transaction, the insider now owns 6,400 shares in the company, valued at $2,799,936. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the completion of the transaction, the insider now owns 6,400 shares in the company, valued at $2,799,936. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock valued at $21,974,819 over the last ninety days. Insiders own 1.50% of the company’s stock.

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 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.