Park Place Capital Corp Trims Stake in Tyler Technologies, Inc. (NYSE:TYL)

Park Place Capital Corp lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 24.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 462 shares of the technology company’s stock after selling 153 shares during the quarter. Park Place Capital Corp’s holdings in Tyler Technologies were worth $196,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies in the fourth quarter valued at approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at $31,000. Headlands Technologies LLC bought a new stake in shares of Tyler Technologies during the 4th quarter worth $40,000. Lindbrook Capital LLC grew its position in Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after acquiring an additional 39 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new position in Tyler Technologies in the fourth quarter valued at $52,000. Institutional investors own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TYL shares. Robert W. Baird lifted their price target on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a research note on Friday, April 26th. Loop Capital increased their price target on shares of Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Oppenheimer boosted their price objective on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a report on Wednesday, April 24th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $519.09.

Insider Transactions at Tyler Technologies

In related news, Director Daniel M. Pope sold 520 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total transaction of $255,413.60. Following the completion of the transaction, the director now owns 3,493 shares in the company, valued at $1,715,691.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $3,374,255.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Pope sold 520 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total value of $255,413.60. Following the completion of the transaction, the director now directly owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,241 shares of company stock worth $12,495,890. 1.50% of the stock is currently owned by insiders.

Tyler Technologies Trading Down 0.6 %

TYL traded down $3.26 during trading on Monday, hitting $499.52. 220,392 shares of the stock traded hands, compared to its average volume of 222,143. The firm has a market capitalization of $21.21 billion, a P/E ratio of 112.34, a price-to-earnings-growth ratio of 4.72 and a beta of 0.76. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $506.07. 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 firm has a 50-day moving average of $476.60 and a 200 day moving average of $441.80.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $512.36 million during the quarter, compared to analyst estimates of $507.79 million. Equities research analysts anticipate that Tyler Technologies, Inc. will post 7.1 EPS for the current year.

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.