Arkadios Wealth Advisors Reduces Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Arkadios Wealth Advisors trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,937 shares of the technology company’s stock after selling 150 shares during the quarter. Arkadios Wealth Advisors’ holdings in Tyler Technologies were worth $1,117,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Oak Thistle LLC raised its position in Tyler Technologies by 213.7% during the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after purchasing an additional 1,586 shares during the period. Aigen Investment Management LP purchased a new stake in Tyler Technologies during the 3rd quarter valued at $1,309,000. Maiden Cove Capital LLC bought a new stake in Tyler Technologies in the third quarter worth $583,000. Assetmark Inc. boosted its stake in Tyler Technologies by 9.4% during the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock worth $5,785,000 after buying an additional 854 shares during the period. Finally, MBB Public Markets I LLC bought a new position in Tyler Technologies during the second quarter valued at $1,564,000. Institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TYL shares. DA Davidson lifted their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Truist Financial reaffirmed a “buy” rating and set a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Needham & Company LLC lifted their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $643.77.

Tyler Technologies Stock Down 1.1 %

NYSE TYL opened at $569.18 on Monday. The business has a fifty day moving average price of $600.60 and a 200 day moving average price of $584.12. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $24.36 billion, a P/E ratio of 103.87, a P/E/G ratio of 4.35 and a beta of 0.78. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56.

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

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,202,504. This represents a 20.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock worth $26,096,928 in the last ninety days. Insiders own 2.20% of the company’s stock.

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.