Inspire Investing LLC Trims Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Inspire Investing LLC trimmed its stake in Tyler Technologies, Inc. (NYSE:TYL) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,400 shares of the technology company’s stock after selling 84 shares during the period. Inspire Investing LLC’s holdings in Tyler Technologies were worth $2,537,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oak Thistle LLC grew its holdings in shares of Tyler Technologies by 213.7% during the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after acquiring an additional 1,586 shares during the period. Aigen Investment Management LP bought a new stake in shares of Tyler Technologies during the third quarter valued at approximately $1,309,000. Maiden Cove Capital LLC purchased a new stake in Tyler Technologies in the third quarter worth $583,000. Assetmark Inc. raised its holdings in Tyler Technologies by 9.4% in the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock worth $5,785,000 after purchasing an additional 854 shares in the last quarter. Finally, MBB Public Markets I LLC purchased a new position in Tyler Technologies during the second quarter valued at $1,564,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $586.43 on Thursday. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $598.42 and its 200 day moving average is $585.06. The company has a market cap of $25.10 billion, a price-to-earnings ratio of 107.01, a PEG ratio of 4.54 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same quarter last year, the business posted $1.66 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts forecast that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Insider Activity

In related news, CFO Brian K. Miller sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total value of $1,808,160.00. Following the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $7,202,504. This trade represents a 20.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,252 shares of company stock valued at $26,096,928 in the last ninety days. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial reiterated a “buy” rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. DA Davidson boosted their price target on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $643.77.

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.