Motley Fool Asset Management LLC Sells 544 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Motley Fool Asset Management LLC reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,807 shares of the technology company’s stock after selling 544 shares during the quarter. Motley Fool Asset Management LLC owned 0.05% of Tyler Technologies worth $9,118,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Stevens Capital Management LP purchased a new position in shares of Tyler Technologies in the 4th quarter worth about $483,000. Cross Staff Investments Inc purchased a new position in shares of Tyler Technologies in the 4th quarter worth about $209,000. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Tyler Technologies by 5.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,275 shares of the technology company’s stock worth $533,000 after purchasing an additional 70 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Tyler Technologies by 24.4% in the 4th quarter. Yousif Capital Management LLC now owns 6,997 shares of the technology company’s stock worth $2,926,000 after purchasing an additional 1,372 shares in the last quarter. Finally, GAMMA Investing LLC purchased a new position in shares of Tyler Technologies in the 4th quarter worth about $196,000. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Up 9.4 %

TYL stock traded up $39.45 on Thursday, reaching $458.45. 503,041 shares of the company traded hands, compared to its average volume of 210,935. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $464.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $19.46 billion, a P/E ratio of 117.85, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81. The firm has a fifty day simple moving average of $422.28 and a 200-day simple moving average of $414.52.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS 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 analyst estimates of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. Research analysts anticipate that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Analysts Set New Price Targets

TYL has been the subject of several analyst reports. JPMorgan Chase & Co. increased their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. JMP Securities restated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. DA Davidson increased their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Piper Sandler reissued an “overweight” rating and issued a $520.00 target price on shares of Tyler Technologies in a research report on Wednesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $500.00 target price on shares of Tyler Technologies in a research report on Thursday. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $460.46.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,799,936. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the transaction, the insider now owns 6,400 shares of the company’s stock, valued at $2,799,936. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the transaction, the chief financial officer now directly owns 14,610 shares in the company, valued at approximately $6,472,083.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock valued at $21,974,819 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

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.