Empower Advisory Group LLC Decreases Stake in Tyler Technologies, Inc. (NYSE:TYL)

Empower Advisory Group LLC lessened its stake in Tyler Technologies, Inc. (NYSE:TYLFree Report) by 98.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,157 shares of the technology company’s stock after selling 142,757 shares during the quarter. Empower Advisory Group LLC’s holdings in Tyler Technologies were worth $833,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Trust Direct Indexing L.P. raised its stake in shares of Tyler Technologies by 2.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock worth $423,000 after buying an additional 29 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Tyler Technologies by 2.6% in the 2nd quarter. Sunbelt Securities Inc. now owns 1,167 shares of the technology company’s stock worth $486,000 after buying an additional 30 shares in the last quarter. Bouvel Investment Partners LLC raised its stake in shares of Tyler Technologies by 0.7% in the 3rd quarter. Bouvel Investment Partners LLC now owns 4,919 shares of the technology company’s stock worth $1,899,000 after buying an additional 32 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Tyler Technologies by 5.8% in the 2nd quarter. Kestra Advisory Services LLC now owns 616 shares of the technology company’s stock worth $257,000 after buying an additional 34 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in shares of Tyler Technologies by 4.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 727 shares of the technology company’s stock worth $303,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Truist Financial boosted their price objective on Tyler Technologies from $475.00 to $510.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Oppenheimer boosted their target price on Tyler Technologies from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Piper Sandler boosted their target price on Tyler Technologies from $465.00 to $480.00 and gave the stock an “overweight” rating in a research report on Friday, November 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research report on Thursday, January 4th. Finally, StockNews.com started coverage on Tyler Technologies in a report on Thursday, October 5th. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $447.79.

Read Our Latest Research Report on Tyler Technologies

Tyler Technologies Stock Up 0.3 %

TYL traded up $1.37 during midday trading on Friday, reaching $430.62. 153,521 shares of the company were exchanged, compared to its average volume of 188,207. Tyler Technologies, Inc. has a one year low of $305.06 and a one year high of $451.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.93 and a current ratio of 0.93. The company’s fifty day moving average price is $415.10 and its 200 day moving average price is $399.40. The company has a market cap of $18.14 billion, a price-to-earnings ratio of 116.07, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81.

Tyler Technologies (NYSE:TYLGet Free Report) last issued its earnings results on Wednesday, November 1st. The technology company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.19. Tyler Technologies had a return on equity of 8.86% and a net margin of 8.22%. The firm had revenue of $494.68 million for the quarter, compared to analyst estimates of $495.47 million. As a group, analysts expect that Tyler Technologies, Inc. will post 5.76 EPS for the current year.

Insider Buying and Selling

In other news, Chairman John S. Marr, Jr. sold 7,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $405.78, for a total value of $2,840,460.00. Following the sale, the chairman now directly owns 6,400 shares in the company, valued at approximately $2,596,992. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Chairman John S. Marr, Jr. sold 7,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $405.78, for a total value of $2,840,460.00. Following the completion of the transaction, the chairman now owns 6,400 shares in the company, valued at $2,596,992. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dustin R. Womble sold 1,231 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $408.66, for a total value of $503,060.46. Following the completion of the transaction, the director now owns 12,805 shares of the company’s stock, valued at approximately $5,232,891.30. The disclosure for this sale can be found here. Insiders have sold a total of 50,112 shares of company stock valued at $20,742,904 over the last three months. 2.20% of the stock is owned by company insiders.

Tyler Technologies Profile

(Free Report)

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 financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; student information and transportation solutions for K-12 schools; and financial management systems.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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