Inscription Capital LLC Cuts Position in Tyler Technologies, Inc. (NYSE:TYL)

Inscription Capital LLC lessened its holdings in Tyler Technologies, Inc. (NYSE:TYLFree Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,361 shares of the technology company’s stock after selling 245 shares during the quarter. Inscription Capital LLC’s holdings in Tyler Technologies were worth $569,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of TYL. First Trust Direct Indexing L.P. increased its holdings in Tyler Technologies by 2.7% during 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. Baron Wealth Management LLC increased its holdings in Tyler Technologies by 2.0% during the fourth quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock valued at $612,000 after buying an additional 29 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Tyler Technologies by 2.6% during 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 increased its holdings in Tyler Technologies by 0.7% during 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. Finally, Kestra Advisory Services LLC increased its holdings in Tyler Technologies by 5.8% during 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. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL stock opened at $425.01 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $17.97 billion, a P/E ratio of 109.26, a price-to-earnings-growth ratio of 4.18 and a beta of 0.82. The company has a fifty day simple moving average of $430.26 and a two-hundred day simple moving average of $410.96. Tyler Technologies, Inc. has a 52 week low of $333.09 and a 52 week high of $454.74.

Tyler Technologies (NYSE:TYLGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. Analysts anticipate that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the completion of the transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,799,936. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,799,936. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock worth $21,974,819 in the last 90 days. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Needham & Company LLC increased their price objective on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. increased their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Piper Sandler increased their price objective on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. JMP Securities reissued a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. Finally, DA Davidson increased their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $457.86.

Check Out Our Latest Stock Report on Tyler Technologies

Tyler Technologies Company 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 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.

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

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