Blue Trust Inc. Trims Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Blue Trust Inc. trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 60.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153 shares of the technology company’s stock after selling 236 shares during the period. Blue Trust Inc.’s holdings in Tyler Technologies were worth $88,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares in the last quarter. Baron Wealth Management LLC lifted its holdings in shares of Tyler Technologies by 1.5% during the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock valued at $857,000 after purchasing an additional 22 shares in the last quarter. Choreo LLC lifted its holdings in shares of Tyler Technologies by 3.9% during the fourth quarter. Choreo LLC now owns 647 shares of the technology company’s stock valued at $374,000 after purchasing an additional 24 shares in the last quarter. Oak Ridge Investments LLC lifted its holdings in shares of Tyler Technologies by 0.8% during the fourth quarter. Oak Ridge Investments LLC now owns 3,011 shares of the technology company’s stock valued at $1,736,000 after purchasing an additional 25 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Tyler Technologies by 9.0% during the fourth quarter. Mather Group LLC. now owns 315 shares of the technology company’s stock valued at $182,000 after purchasing an additional 26 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the transaction, the chief financial officer now owns 12,198 shares in the company, valued at $7,709,257.98. The trade was a 17.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of Tyler Technologies stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $47,355,750. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock valued at $18,941,368 in the last quarter. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Stock Down 2.4 %

Shares of TYL stock opened at $614.89 on Friday. The company has a market cap of $26.45 billion, a price-to-earnings ratio of 101.47, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. The stock’s fifty day moving average price is $597.53 and its 200 day moving average price is $596.50. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on TYL. Truist Financial reissued a “buy” rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson restated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Piper Sandler upped their price target on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group increased their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $676.25.

Tyler Technologies Company 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.