Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 10.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 599 shares of the technology company’s stock after selling 68 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Tyler Technologies were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Portfolio Design Labs LLC purchased a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $315,000. Axecap Investments LLC raised its stake in Tyler Technologies by 45.0% during the 4th quarter. Axecap Investments LLC now owns 4,825 shares of the technology company’s stock worth $2,782,000 after acquiring an additional 1,497 shares in the last quarter. Empowered Funds LLC lifted its position in Tyler Technologies by 54.6% in the fourth quarter. Empowered Funds LLC now owns 3,588 shares of the technology company’s stock valued at $2,069,000 after acquiring an additional 1,267 shares during the last quarter. Apollon Wealth Management LLC acquired a new position in Tyler Technologies in the fourth quarter valued at $221,000. Finally, EULAV Asset Management grew its holdings in shares of Tyler Technologies by 7.3% during the fourth quarter. EULAV Asset Management now owns 245,684 shares of the technology company’s stock worth $141,671,000 after purchasing an additional 16,700 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the transaction, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock valued at $18,941,368 over the last quarter. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Truist Financial reissued a “buy” rating and issued a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. JMP Securities raised their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Finally, StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $645.69.

Tyler Technologies Stock Performance

Shares of TYL opened at $611.01 on Thursday. The firm has a market cap of $26.15 billion, a price-to-earnings ratio of 111.50, a PEG ratio of 4.78 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The business’s 50 day moving average is $595.47 and its two-hundred day moving average is $593.32. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. Analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal 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.