Tower Research Capital LLC TRC Reduces Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Tower Research Capital LLC TRC trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 22.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,537 shares of the technology company’s stock after selling 1,011 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Tyler Technologies were worth $2,040,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TYL. Vanguard Group Inc. lifted its stake in shares of Tyler Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company’s stock valued at $3,062,190,000 after purchasing an additional 62,420 shares during the last quarter. Geode Capital Management LLC lifted its position in Tyler Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company’s stock worth $654,406,000 after buying an additional 27,826 shares during the last quarter. Franklin Resources Inc. lifted its position in Tyler Technologies by 7.9% in the fourth quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company’s stock worth $567,768,000 after buying an additional 71,869 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Tyler Technologies by 3.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company’s stock worth $541,680,000 after buying an additional 35,198 shares during the period. Finally, Norges Bank bought a new position in Tyler Technologies during the fourth quarter valued at $528,465,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Up 1.8 %

NYSE TYL opened at $565.55 on Wednesday. The company’s 50-day simple moving average is $583.37 and its two-hundred day simple moving average is $594.92. Tyler Technologies, Inc. has a one year low of $412.70 and a one year high of $661.31. The company has a market capitalization of $24.38 billion, a price-to-earnings ratio of 93.33, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS 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%. Equities analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TYL. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Barclays cut their target price on Tyler Technologies from $715.00 to $700.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group raised their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, April 11th. Finally, Truist Financial reiterated a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $674.58.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock valued at $8,688,030 over the last quarter. 1.10% of the stock is owned by corporate insiders.

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.