Clear Harbor Asset Management LLC Sells 855 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Clear Harbor Asset Management LLC reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 9.7% in the third quarter, HoldingsChannel reports. The firm owned 7,985 shares of the technology company’s stock after selling 855 shares during the period. Clear Harbor Asset Management LLC’s holdings in Tyler Technologies were worth $4,661,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TYL. Wealth Enhancement Advisory Services LLC increased its stake in shares of Tyler Technologies by 64.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,032 shares of the technology company’s stock valued at $864,000 after acquiring an additional 798 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Tyler Technologies by 18.5% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 101,435 shares of the technology company’s stock worth $43,111,000 after purchasing an additional 15,871 shares during the period. Wasatch Advisors LP grew its holdings in Tyler Technologies by 68.0% in the first quarter. Wasatch Advisors LP now owns 2,982 shares of the technology company’s stock worth $1,267,000 after purchasing an additional 1,207 shares during the period. Commonwealth Equity Services LLC increased its stake in Tyler Technologies by 119.2% in the first quarter. Commonwealth Equity Services LLC now owns 6,517 shares of the technology company’s stock valued at $2,770,000 after purchasing an additional 3,544 shares in the last quarter. Finally, HB Wealth Management LLC raised its holdings in shares of Tyler Technologies by 4.5% during the first quarter. HB Wealth Management LLC now owns 840 shares of the technology company’s stock valued at $357,000 after purchasing an additional 36 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TYL. BTIG Research raised their target price on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research note on Friday, July 26th. JMP Securities raised their price objective on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday. Needham & Company LLC boosted their price objective on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. DA Davidson increased their target price on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Truist Financial reissued a “buy” rating and issued a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $642.62.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares in the company, valued at approximately $6,787,122. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total value of $1,135,920.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $6,787,122. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $44,323,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 29,375 shares of company stock worth $17,049,739. 2.20% of the stock is owned by company insiders.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $605.86 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $584.88 and a 200-day moving average of $527.40. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $631.43. The company has a market cap of $25.72 billion, a P/E ratio of 137.07, a P/E/G ratio of 5.42 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The firm had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same quarter last year, the business posted $1.66 EPS. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts forecast that Tyler Technologies, Inc. will post 7.21 EPS 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.