Gilbert & Cook Inc. Cuts Position in Tyler Technologies, Inc. (NYSE:TYL)

Gilbert & Cook Inc. cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 982 shares of the technology company’s stock after selling 105 shares during the period. Gilbert & Cook Inc.’s holdings in Tyler Technologies were worth $566,000 at the end of the most recent reporting period.

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

Tyler Technologies Trading Up 0.5 %

Shares of TYL stock traded up $3.21 during trading hours on Thursday, hitting $610.62. 8,106 shares of the company were exchanged, compared to its average volume of 213,180. The company has a 50 day simple moving average of $598.59 and a two-hundred day simple moving average of $588.22. The firm has a market cap of $26.13 billion, a P/E ratio of 112.17, a P/E/G ratio of 4.55 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56.

Insiders Place Their Bets

In related news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,461,699.50. The trade was a 17.30 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total value of $3,801,300.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,252 shares of company stock valued at $26,096,928. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TYL. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. DA Davidson upped their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. JMP Securities raised their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. Finally, Oppenheimer upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $643.77.

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.