Choreo LLC Has $374,000 Stake in Tyler Technologies, Inc. (NYSE:TYL)

Choreo LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 647 shares of the technology company’s stock after acquiring an additional 24 shares during the quarter. Choreo LLC’s holdings in Tyler Technologies were worth $374,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TYL. Oak Thistle LLC raised its stake in Tyler Technologies by 213.7% in the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after acquiring an additional 1,586 shares during the period. Aigen Investment Management LP bought a new stake in Tyler Technologies during the 3rd quarter worth approximately $1,309,000. Maiden Cove Capital LLC acquired a new stake in Tyler Technologies during the 3rd quarter valued at approximately $583,000. Assetmark Inc. increased its holdings in Tyler Technologies by 9.4% in the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock worth $5,785,000 after purchasing an additional 854 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Tyler Technologies in the 3rd quarter valued at about $569,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 6,752 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the transaction, the chief financial officer now owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This trade represents a 36.16 % 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, insider John S. Marr, Jr. sold 12,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 directly owns 6,983 shares in the company, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,502 shares of company stock valued at $18,941,368. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Stock Up 0.3 %

Shares of TYL stock opened at $611.01 on Thursday. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month 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 stock has a market cap of $26.15 billion, a P/E ratio of 111.50, a P/E/G ratio of 4.78 and a beta of 0.78. The company has a 50 day simple moving average of $595.47 and a two-hundred day simple moving average of $593.32.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. On average, research analysts expect that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on TYL. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. JMP Securities raised their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. DA Davidson reiterated a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Finally, Barclays boosted their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $645.69.

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.