J.P. Morgan Private Wealth Advisors LLC Lowers Holdings in Tyler Technologies, Inc. (NYSE:TYL)

J.P. Morgan Private Wealth Advisors LLC reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYLFree Report) by 5.3% in the third quarter, HoldingsChannel reports. The firm owned 4,682 shares of the technology company’s stock after selling 261 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in Tyler Technologies were worth $1,808,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. First Trust Direct Indexing L.P. raised its stake in Tyler Technologies by 2.7% in the third quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock valued at $423,000 after buying an additional 29 shares during the last quarter. Sunbelt Securities Inc. raised its stake in Tyler Technologies by 2.6% in the second quarter. Sunbelt Securities Inc. now owns 1,167 shares of the technology company’s stock valued at $486,000 after buying an additional 30 shares during the last quarter. Bouvel Investment Partners LLC raised its stake in Tyler Technologies by 0.7% in the third quarter. Bouvel Investment Partners LLC now owns 4,919 shares of the technology company’s stock valued at $1,899,000 after buying an additional 32 shares during the last quarter. Kestra Advisory Services LLC raised its stake in Tyler Technologies by 5.8% in the second quarter. Kestra Advisory Services LLC now owns 616 shares of the technology company’s stock valued at $257,000 after buying an additional 34 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Tyler Technologies by 4.9% in the second quarter. Parkside Financial Bank & Trust now owns 727 shares of the technology company’s stock valued at $303,000 after buying an additional 34 shares during the last quarter. 91.28% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TYL. Needham & Company LLC reiterated a “buy” rating and issued a $475.00 price target on shares of Tyler Technologies in a research note on Thursday, January 18th. Truist Financial increased their price objective on Tyler Technologies from $475.00 to $510.00 and gave the company a “buy” rating in a report on Friday, November 3rd. JMP Securities reissued a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a report on Tuesday, February 6th. Piper Sandler increased their price objective on Tyler Technologies from $465.00 to $480.00 and gave the company an “overweight” rating in a report on Friday, November 3rd. Finally, Oppenheimer increased their price objective on Tyler Technologies from $450.00 to $480.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $447.79.

Read Our Latest Research Report on Tyler Technologies

Tyler Technologies Stock Up 1.3 %

Tyler Technologies stock opened at $440.99 on Friday. The firm has a market cap of $18.57 billion, a price-to-earnings ratio of 118.87, a price-to-earnings-growth ratio of 4.46 and a beta of 0.83. Tyler Technologies, Inc. has a 52 week low of $305.06 and a 52 week high of $451.71. The business’s 50-day moving average price is $419.81 and its 200 day moving average price is $400.77. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.25.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $405.94, for a total transaction of $811,880.00. Following the transaction, the chief financial officer now owns 14,610 shares in the company, valued at $5,930,783.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tyler Technologies news, Chairman John S. Marr, Jr. sold 7,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $405.78, for a total transaction of $2,840,460.00. Following the transaction, the chairman now owns 6,400 shares in the company, valued at $2,596,992. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $405.94, for a total value of $811,880.00. Following the transaction, the chief financial officer now owns 14,610 shares in the company, valued at approximately $5,930,783.40. The disclosure for this sale can be found here. Insiders have sold a total of 32,028 shares of company stock valued at $13,248,446 over the last ninety days. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Profile

(Free Report)

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 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; student information and transportation solutions for K-12 schools; and financial management systems.

Featured Stories

Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYLFree Report).

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

Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.