West Financial Advisors LLC boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL – Get Rating) by 34.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,290 shares of the technology company’s stock after purchasing an additional 331 shares during the quarter. West Financial Advisors LLC’s holdings in Tyler Technologies were worth $416,000 at the end of the most recent reporting period.
→ Bank Accounts: Frozen! (From Weiss Ratings)
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Coldstream Capital Management Inc. bought a new position in shares of Tyler Technologies during the fourth quarter worth approximately $289,000. Yousif Capital Management LLC lifted its holdings in shares of Tyler Technologies by 4.2% during the fourth quarter. Yousif Capital Management LLC now owns 5,944 shares of the technology company’s stock worth $1,916,000 after buying an additional 238 shares in the last quarter. Spence Asset Management grew its stake in shares of Tyler Technologies by 0.6% in the fourth quarter. Spence Asset Management now owns 48,502 shares of the technology company’s stock valued at $15,638,000 after acquiring an additional 301 shares in the last quarter. Penn Capital Management Company LLC increased its position in Tyler Technologies by 2.8% during the third quarter. Penn Capital Management Company LLC now owns 8,021 shares of the technology company’s stock worth $2,828,000 after acquiring an additional 221 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Tyler Technologies by 2.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 3,942 shares of the technology company’s stock worth $1,371,000 after purchasing an additional 92 shares in the last quarter. 89.45% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, CEO H Lynn Moore, Jr. sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 21st. The stock was sold at an average price of $335.00, for a total transaction of $2,010,000.00. Following the transaction, the chief executive officer now owns 80,200 shares in the company, valued at approximately $26,867,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 4,417 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $326.64, for a total transaction of $1,442,768.88. Following the transaction, the chief executive officer now owns 89,905 shares in the company, valued at approximately $29,366,569.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $335.00, for a total value of $2,010,000.00. Following the completion of the transaction, the chief executive officer now directly owns 80,200 shares of the company’s stock, valued at approximately $26,867,000. The disclosure for this sale can be found here. Insiders have sold 18,898 shares of company stock valued at $6,195,979 in the last ninety days. Company insiders own 2.00% of the company’s stock.
Tyler Technologies Price Performance
Shares of NYSE TYL traded down $2.67 during mid-day trading on Friday, reaching $328.75. 60,655 shares of the company were exchanged, compared to its average volume of 294,291. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $13.75 billion, a PE ratio of 85.55 and a beta of 0.81. The company’s 50 day moving average price is $324.48 and its 200 day moving average price is $331.70. Tyler Technologies, Inc. has a 52 week low of $281.11 and a 52 week high of $453.03.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on TYL shares. StockNews.com initiated coverage on Tyler Technologies in a report on Thursday. They issued a “hold” rating for the company. Credit Suisse Group dropped their price target on Tyler Technologies from $375.00 to $370.00 and set a “neutral” rating for the company in a research note on Tuesday, February 21st. Piper Sandler reiterated an “overweight” rating and set a $450.00 price objective on shares of Tyler Technologies in a research note on Friday. Robert W. Baird dropped their target price on shares of Tyler Technologies from $460.00 to $440.00 and set an “outperform” rating for the company in a research report on Tuesday, December 13th. Finally, JMP Securities reduced their price target on shares of Tyler Technologies from $465.00 to $415.00 in a research report on Friday, February 17th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $433.62.
Tyler Technologies Profile
Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for the public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.
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