West Tower Group LLC Sells 200 Shares of Tyler Technologies, Inc. (NYSE:TYL)

West Tower Group LLC reduced its position in Tyler Technologies, Inc. (NYSE:TYL) by 8.9% in the 3rd quarter, Holdings Channel reports. The fund owned 2,050 shares of the technology company’s stock after selling 200 shares during the period. Tyler Technologies makes up about 2.5% of West Tower Group LLC’s investment portfolio, making the stock its 7th biggest position. West Tower Group LLC’s holdings in Tyler Technologies were worth $1,197,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TYL. Waldron Private Wealth LLC boosted its holdings in Tyler Technologies by 3.5% in the second quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock valued at $360,000 after acquiring an additional 24 shares during the last quarter. FWG Holdings LLC lifted its stake in shares of Tyler Technologies by 3.1% in the 3rd quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock valued at $551,000 after purchasing an additional 27 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its holdings in shares of Tyler Technologies by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock worth $295,000 after purchasing an additional 29 shares during the period. George Kaiser Family Foundation increased its position in Tyler Technologies by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after purchasing an additional 29 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in Tyler Technologies by 2.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock valued at $804,000 after buying an additional 31 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total value of $1,467,425.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,014,291.50. This trade represents a 17.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $44,323,500. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,600 shares of company stock valued at $16,412,595. Corporate insiders own 1.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial reiterated a “buy” rating and set a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Oppenheimer increased their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Piper Sandler raised their price objective on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Robert W. Baird upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Finally, Needham & Company LLC raised their target price on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

Tyler Technologies Price Performance

TYL opened at $624.16 on Tuesday. 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, Inc. has a 1-year low of $397.80 and a 1-year high of $631.43. The company has a 50-day moving average of $595.22 and a 200-day moving average of $552.15. The company has a market capitalization of $26.71 billion, a P/E ratio of 113.90, a PEG ratio of 5.52 and a beta of 0.77.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same period in the previous year, the company earned $1.66 earnings per share. Tyler Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. Equities analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal 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.