Capital Investment Services of America Inc. Has $31.75 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Capital Investment Services of America Inc. decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 6.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 54,396 shares of the technology company’s stock after selling 3,873 shares during the quarter. Tyler Technologies accounts for about 3.0% of Capital Investment Services of America Inc.’s portfolio, making the stock its 10th largest position. Capital Investment Services of America Inc.’s holdings in Tyler Technologies were worth $31,752,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in TYL. Bessemer Group Inc. lifted its stake in Tyler Technologies by 39.4% during the first quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock worth $2,906,000 after purchasing an additional 1,935 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in Tyler Technologies by 7.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 46,724 shares of the technology company’s stock valued at $19,858,000 after acquiring an additional 3,198 shares during the last quarter. Natixis lifted its holdings in shares of Tyler Technologies by 114.0% in the 1st quarter. Natixis now owns 2,253 shares of the technology company’s stock worth $958,000 after acquiring an additional 1,200 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Tyler Technologies by 143.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company’s stock valued at $762,000 after purchasing an additional 1,058 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of Tyler Technologies by 64.8% during the 1st quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 1,161 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $44,323,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $44,323,500. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $6,787,122. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,100 shares of company stock worth $16,890,717. Insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Down 0.4 %

TYL traded down $2.38 during trading on Monday, reaching $600.37. The stock had a trading volume of 17,610 shares, compared to its average volume of 227,663. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $25.70 billion, a price-to-earnings ratio of 109.99, a P/E/G ratio of 5.46 and a beta of 0.77. The stock’s 50 day moving average is $588.09 and its two-hundred day moving average is $535.35. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $631.43.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same period last year, the business earned $1.66 EPS. Tyler Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. As a group, analysts expect that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on TYL. DA Davidson upped their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer boosted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Barclays raised their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Piper Sandler upped their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

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.