Stephens Inc. AR Decreases Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Stephens Inc. AR cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,156 shares of the technology company’s stock after selling 40 shares during the period. Stephens Inc. AR’s holdings in Tyler Technologies were worth $1,820,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of TYL. Ashton Thomas Securities LLC purchased a new position in Tyler Technologies in the third quarter valued at $27,000. Quarry LP purchased a new position in Tyler Technologies in the third quarter valued at $78,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after buying an additional 21 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Tyler Technologies during the 3rd quarter worth about $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Tyler Technologies during the 3rd quarter worth about $82,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the sale, the chief financial officer now directly owns 12,198 shares in the company, valued at $7,709,257.98. This represents a 17.01 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,502 shares of company stock valued at $18,941,368. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Truist Financial reaffirmed a “buy” rating and set a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Barclays lifted their price target on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $645.69.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $611.01 on Thursday. The stock has a market capitalization of $26.15 billion, a PE ratio of 111.50, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The stock’s 50-day moving average price is $595.47 and its 200 day moving average price is $593.32. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

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