Tyler Technologies, Inc. (NYSE:TYL) Holdings Cut by MCF Advisors LLC

MCF Advisors LLC reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,278 shares of the technology company’s stock after selling 148 shares during the period. MCF Advisors LLC’s holdings in Tyler Technologies were worth $1,890,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Ashton Thomas Securities LLC acquired a new stake in Tyler Technologies during the third quarter valued at $27,000. Tobam acquired a new position in Tyler Technologies in the third quarter worth approximately $78,000. Quarry LP acquired a new stake in Tyler Technologies in the third quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB grew its position in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares in the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of Tyler Technologies during the 3rd quarter worth $79,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson increased their price objective on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Truist Financial reiterated a “buy” rating and set a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $643.77.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. This represents a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,252 shares of company stock worth $26,096,928. 1.50% of the stock is currently owned by corporate insiders.

Tyler Technologies Trading Up 2.7 %

Tyler Technologies stock opened at $584.69 on Wednesday. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The stock has a market cap of $25.02 billion, a price-to-earnings ratio of 106.70, a price-to-earnings-growth ratio of 4.42 and a beta of 0.78. The business has a 50 day moving average price of $599.03 and a two-hundred day moving average price of $585.05. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. Tyler Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $1.66 earnings per share. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Tyler Technologies 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.