Centiva Capital LP Sells 659 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Centiva Capital LP cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 43.4% in the 4th quarter, Holdings Channel reports. The firm owned 861 shares of the technology company’s stock after selling 659 shares during the period. Centiva Capital LP’s holdings in Tyler Technologies were worth $496,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Tyler Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company’s stock worth $3,062,190,000 after buying an additional 62,420 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Tyler Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company’s stock worth $654,406,000 after acquiring an additional 27,826 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Tyler Technologies by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company’s stock valued at $567,768,000 after purchasing an additional 71,869 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Tyler Technologies by 3.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company’s stock worth $541,680,000 after purchasing an additional 35,198 shares in the last quarter. Finally, Norges Bank bought a new position in Tyler Technologies in the 4th quarter valued at approximately $528,465,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL stock opened at $560.06 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The company’s 50-day moving average is $563.43 and its 200-day moving average is $590.96. The stock has a market capitalization of $24.15 billion, a PE ratio of 92.42, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a 1 year low of $458.50 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.22. The business had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 earnings per share. Equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,462 shares of company stock valued at $9,464,626. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TYL shares. The Goldman Sachs Group upped their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Barclays cut their price target on Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company lowered their price objective on Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, Truist Financial reiterated a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $674.67.

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.