Bell Bank Sells 360 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Bell Bank trimmed its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,501 shares of the technology company’s stock after selling 360 shares during the quarter. Bell Bank’s holdings in Tyler Technologies were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of TYL. Parametrica Management Ltd purchased a new position in shares of Tyler Technologies during the third quarter valued at approximately $284,000. Haverford Trust Co grew its stake in shares of Tyler Technologies by 7.7% in the 3rd quarter. Haverford Trust Co now owns 1,437 shares of the technology company’s stock worth $839,000 after buying an additional 103 shares during the last quarter. Geneva Capital Management LLC increased its position in Tyler Technologies by 1.0% during the 3rd quarter. Geneva Capital Management LLC now owns 226,458 shares of the technology company’s stock valued at $132,188,000 after buying an additional 2,252 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in Tyler Technologies by 21.7% during the third quarter. Aptus Capital Advisors LLC now owns 16,146 shares of the technology company’s stock valued at $9,425,000 after buying an additional 2,882 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Tyler Technologies during the third quarter valued at $1,309,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,461,699.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,461,699.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,042,738.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,600 shares of company stock valued at $19,307,295. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Robert W. Baird increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Piper Sandler raised their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Evercore ISI raised Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Finally, Needham & Company LLC upped their price target on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies Stock Down 0.4 %

Shares of TYL stock opened at $616.51 on Thursday. The company has a 50 day simple moving average of $592.85 and a two-hundred day simple moving average of $545.06. The stock has a market cap of $26.39 billion, a P/E ratio of 112.50, a P/E/G ratio of 5.59 and a beta of 0.77. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $631.43. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. Tyler Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.66 earnings per share. On average, research analysts expect that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

About Tyler Technologies

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.