Parkside Financial Bank & Trust Decreases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Parkside Financial Bank & Trust trimmed its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 22.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 758 shares of the technology company’s stock after selling 216 shares during the period. Parkside Financial Bank & Trust’s holdings in Tyler Technologies were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Oak Thistle LLC raised its holdings in shares of Tyler Technologies by 213.7% during the fourth 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 last quarter. Aigen Investment Management LP purchased a new stake in Tyler Technologies during the third quarter valued at approximately $1,309,000. Maiden Cove Capital LLC purchased a new stake in Tyler Technologies during the third quarter valued at approximately $583,000. Assetmark Inc. increased its holdings in Tyler Technologies by 9.4% during the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after buying an additional 854 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Tyler Technologies during the third quarter valued at approximately $569,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research reports. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. DA Davidson reiterated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group upped their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $607.66 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a fifty day moving average price of $598.40 and a 200 day moving average price of $597.41. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. The firm has a market cap of $26.14 billion, a price-to-earnings ratio of 100.27, a P/E/G ratio of 4.93 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 6,752 shares of the company’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 sale, the chief financial officer now owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,766 shares of company stock worth $13,548,346. 2.20% of the stock is owned by insiders.

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.