Marks Group Wealth Management Inc Sells 69 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Marks Group Wealth Management Inc cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 667 shares of the technology company’s stock after selling 69 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Tyler Technologies were worth $389,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. QRG Capital Management Inc. raised its holdings in Tyler Technologies by 21.1% in the 3rd quarter. QRG Capital Management Inc. now owns 940 shares of the technology company’s stock valued at $549,000 after buying an additional 164 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Tyler Technologies by 626.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 42,450 shares of the technology company’s stock valued at $24,779,000 after acquiring an additional 36,605 shares during the last quarter. Americana Partners LLC bought a new position in shares of Tyler Technologies during the third quarter valued at $385,000. Conestoga Capital Advisors LLC lifted its holdings in shares of Tyler Technologies by 0.8% during the third quarter. Conestoga Capital Advisors LLC now owns 88,031 shares of the technology company’s stock worth $51,385,000 after purchasing an additional 690 shares during the period. Finally, Stephens Inc. AR grew its stake in shares of Tyler Technologies by 1.5% in the third quarter. Stephens Inc. AR now owns 3,196 shares of the technology company’s stock worth $1,866,000 after purchasing an additional 47 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,014,291.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,850 shares of company stock valued at $12,151,735 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Tyler Technologies Stock Down 0.5 %

Shares of NYSE:TYL opened at $603.20 on Thursday. The firm has a market cap of $25.82 billion, a P/E ratio of 110.07, a PEG ratio of 5.42 and a beta of 0.77. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $631.43. The business’s 50 day simple moving average is $589.67 and its two-hundred day simple moving average is $538.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating 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 business had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same quarter last year, the firm posted $1.66 EPS. Tyler Technologies’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts forecast that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Robert W. Baird lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Oppenheimer upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. BTIG Research raised their price target on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a report on Friday, July 26th. DA Davidson upped their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $642.62.

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.