Amalgamated Bank Sells 412 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Amalgamated Bank lowered its stake in Tyler Technologies, Inc. (NYSE:TYL) by 3.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,997 shares of the technology company’s stock after selling 412 shares during the period. Amalgamated Bank’s holdings in Tyler Technologies were worth $5,016,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Tyler Technologies by 0.6% in the third quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock valued at $1,897,268,000 after acquiring an additional 29,578 shares during the period. Principal Financial Group Inc. raised its position in Tyler Technologies by 0.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock valued at $489,994,000 after purchasing an additional 5,013 shares during the last quarter. Morgan Stanley grew its position in shares of Tyler Technologies by 21.1% in the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after buying an additional 177,242 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Tyler Technologies by 13.1% during the fourth quarter. Van ECK Associates Corp now owns 868,016 shares of the technology company’s stock valued at $362,935,000 after buying an additional 100,788 shares during the period. Finally, Invesco Ltd. raised its position in shares of Tyler Technologies by 6.5% in the 3rd quarter. Invesco Ltd. now owns 860,928 shares of the technology company’s stock worth $332,439,000 after acquiring an additional 52,798 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on TYL. DA Davidson increased their price objective on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Oppenheimer increased their target price on Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price target on shares of Tyler Technologies in a report on Wednesday, April 24th. Robert W. Baird boosted their target price on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $492.22.

Tyler Technologies Stock Performance

NYSE TYL opened at $481.38 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $483.83. The business has a 50-day moving average price of $427.32 and a 200-day moving average price of $419.98. The firm has a market cap of $20.44 billion, a price-to-earnings ratio of 108.91, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 7.14 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,671 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $465.03, for a total transaction of $1,242,095.13. Following the completion of the transaction, the chief financial officer now owns 13,536 shares of the company’s stock, valued at approximately $6,294,646.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $32,698,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 2,671 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $465.03, for a total value of $1,242,095.13. Following the sale, the chief financial officer now directly owns 13,536 shares in the company, valued at $6,294,646.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,279 shares of company stock valued at $25,511,064. Corporate insiders own 1.50% of the company’s stock.

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.