Fidelis Capital Partners LLC Trims Position in Tyler Technologies, Inc. (NYSE:TYL)

Fidelis Capital Partners LLC trimmed its stake in Tyler Technologies, Inc. (NYSE:TYL) by 8.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 440 shares of the technology company’s stock after selling 42 shares during the period. Fidelis Capital Partners LLC’s holdings in Tyler Technologies were worth $265,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TYL. SBI Securities Co. Ltd. purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $61,000. Jones Financial Companies Lllp raised its position in Tyler Technologies by 32.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,309 shares of the technology company’s stock valued at $755,000 after purchasing an additional 321 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Tyler Technologies by 31.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 622 shares of the technology company’s stock valued at $360,000 after purchasing an additional 148 shares in the last quarter. Duncker Streett & Co. Inc. lifted its holdings in shares of Tyler Technologies by 21.7% in the 4th quarter. Duncker Streett & Co. Inc. now owns 3,127 shares of the technology company’s stock worth $1,803,000 after buying an additional 558 shares during the period. Finally, Metis Global Partners LLC grew its position in shares of Tyler Technologies by 4.6% during the 4th quarter. Metis Global Partners LLC now owns 1,773 shares of the technology company’s stock worth $1,022,000 after buying an additional 78 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 11,918 shares in the company, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Needham & Company LLC restated a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Piper Sandler upped their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. The Goldman Sachs Group lifted their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Barclays upped their target price on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $619.15 on Wednesday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The business’s fifty day simple moving average is $598.68 and its 200-day simple moving average is $598.02. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $26.63 billion, a PE ratio of 102.17, a PEG ratio of 4.93 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

About Tyler Technologies

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.