Inspire Investing LLC Has $2.54 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Inspire Investing LLC reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,400 shares of the technology company’s stock after selling 84 shares during the period. Inspire Investing LLC’s holdings in Tyler Technologies were worth $2,537,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oak Thistle LLC increased its position in Tyler Technologies by 213.7% during the 4th 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 bought a new position in Tyler Technologies during the third quarter worth $1,309,000. Maiden Cove Capital LLC bought a new position in shares of Tyler Technologies during the 3rd quarter worth about $583,000. Assetmark Inc. grew its stake in Tyler Technologies by 9.4% in the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after acquiring an additional 854 shares during the period. Finally, MBB Public Markets I LLC acquired a new stake in Tyler Technologies in the 2nd quarter valued at $1,564,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 3,000 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total value of $1,808,160.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,202,504. This trade represents a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,252 shares of company stock worth $26,096,928 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $586.43 on Thursday. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $638.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $25.10 billion, a PE ratio of 107.01, a price-to-earnings-growth ratio of 4.54 and a beta of 0.78. The firm’s 50 day simple moving average is $598.42 and its 200 day simple moving average is $585.06.

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

Analysts Set New Price Targets

A number of analysts have commented on TYL shares. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Truist Financial reissued a “buy” rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Needham & Company LLC restated a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday. Oppenheimer boosted their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, JMP Securities increased their price target on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $643.77.

Tyler Technologies Company 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.