First Trust Direct Indexing L.P. Sells 139 Shares of Tyler Technologies, Inc. (NYSE:TYL)

First Trust Direct Indexing L.P. lowered its position in Tyler Technologies, Inc. (NYSE:TYL) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 956 shares of the technology company’s stock after selling 139 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Tyler Technologies were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in shares of Tyler Technologies by 41,712.0% in the 4th quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company’s stock valued at $21,853,000 after purchasing an additional 52,140 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Tyler Technologies by 7.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock valued at $465,000 after buying an additional 85 shares during the period. Raymond James Trust N.A. grew its stake in shares of Tyler Technologies by 4.9% during the fourth quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock valued at $633,000 after buying an additional 71 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of Tyler Technologies by 4.6% during the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock valued at $1,091,000 after buying an additional 115 shares during the last quarter. Finally, DNB Asset Management AS purchased a new position in shares of Tyler Technologies in the fourth quarter worth about $5,040,000. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Up 1.5 %

Shares of NYSE TYL opened at $476.02 on Tuesday. The firm has a fifty day simple moving average of $426.42 and a two-hundred day simple moving average of $419.18. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $477.86. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $20.21 billion, a PE ratio of 107.70, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company 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%. Equities analysts expect that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

Insider Activity

In related news, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the sale, the director now directly owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares in the company, valued at approximately $623,091.14. The disclosure for this sale can be found here. Insiders sold a total of 55,608 shares of company stock worth $24,268,969 in the last quarter. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Oppenheimer raised their target price on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. Piper Sandler reissued an “overweight” rating and issued a $520.00 price target on shares of Tyler Technologies in a report on Wednesday, April 24th. Finally, Robert W. Baird boosted their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $492.22.

Tyler Technologies Profile

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.