SG Americas Securities LLC Cuts Stake in Tyler Technologies, Inc. (NYSE:TYL)

SG Americas Securities LLC reduced its stake in Tyler Technologies, Inc. (NYSE:TYLGet Rating) by 78.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,736 shares of the technology company’s stock after selling 6,392 shares during the quarter. SG Americas Securities LLC’s holdings in Tyler Technologies were worth $772,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Islay Capital Management LLC boosted its holdings in shares of Tyler Technologies by 5.2% in the 4th quarter. Islay Capital Management LLC now owns 510 shares of the technology company’s stock worth $274,000 after buying an additional 25 shares during the last quarter. Profund Advisors LLC lifted its holdings in Tyler Technologies by 3.4% during the fourth quarter. Profund Advisors LLC now owns 751 shares of the technology company’s stock valued at $404,000 after purchasing an additional 25 shares during the last quarter. Keybank National Association OH lifted its holdings in Tyler Technologies by 1.5% during the fourth quarter. Keybank National Association OH now owns 1,911 shares of the technology company’s stock valued at $1,028,000 after purchasing an additional 28 shares during the last quarter. Truist Financial Corp lifted its holdings in Tyler Technologies by 1.3% during the first quarter. Truist Financial Corp now owns 2,394 shares of the technology company’s stock valued at $1,065,000 after purchasing an additional 31 shares during the last quarter. Finally, Fiera Capital Corp lifted its holdings in Tyler Technologies by 0.6% during the fourth quarter. Fiera Capital Corp now owns 5,508 shares of the technology company’s stock valued at $2,963,000 after purchasing an additional 32 shares during the last quarter. 90.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Chairman John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total transaction of $2,182,500.00. Following the completion of the sale, the chairman now owns 57,638 shares of the company’s stock, valued at $20,965,822.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $358.97, for a total value of $897,425.00. Following the completion of the sale, the chief financial officer now owns 28,594 shares of the company’s stock, valued at $10,264,388.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total value of $2,182,500.00. Following the completion of the sale, the chairman now directly owns 57,638 shares of the company’s stock, valued at approximately $20,965,822.50. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. DA Davidson upped their price objective on shares of Tyler Technologies from $440.00 to $460.00 in a report on Monday. Loop Capital assumed coverage on shares of Tyler Technologies in a report on Monday, April 18th. They set a “buy” rating and a $520.00 price objective on the stock. Wells Fargo & Company raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $425.00 to $435.00 in a report on Tuesday, June 7th. Truist Financial decreased their price target on Tyler Technologies from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, July 5th. Finally, JMP Securities decreased their price target on Tyler Technologies from $540.00 to $500.00 and set a “maintains” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $476.75.

Tyler Technologies Stock Performance

NYSE:TYL opened at $401.28 on Tuesday. The firm has a market cap of $16.64 billion, a PE ratio of 95.32 and a beta of 0.90. Tyler Technologies, Inc. has a fifty-two week low of $300.85 and a fifty-two week high of $557.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.12 and a current ratio of 1.15. The business has a 50 day moving average price of $344.93 and a 200-day moving average price of $393.05.

Tyler Technologies (NYSE:TYLGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The technology company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.05. The firm had revenue of $468.70 million during the quarter, compared to analyst estimates of $458.50 million. Tyler Technologies had a return on equity of 10.26% and a net margin of 9.84%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 earnings per share. Equities research analysts predict that Tyler Technologies, Inc. will post 5.58 earnings per share for the current year.

Tyler Technologies Company Profile

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Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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