Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 28.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,081 shares of the technology company’s stock after selling 432 shares during the period. Icon Wealth Advisors LLC’s holdings in Tyler Technologies were worth $631,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Public Sector Pension Investment Board grew its stake in shares of Tyler Technologies by 18.4% during the 3rd quarter. Public Sector Pension Investment Board now owns 1,932 shares of the technology company’s stock worth $1,128,000 after purchasing an additional 300 shares during the period. Townsquare Capital LLC boosted its holdings in Tyler Technologies by 3.3% during the third quarter. Townsquare Capital LLC now owns 3,329 shares of the technology company’s stock worth $1,943,000 after buying an additional 106 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Tyler Technologies during the third quarter worth about $79,000. Quantbot Technologies LP acquired a new position in Tyler Technologies during the third quarter worth about $2,491,000. Finally, FMR LLC increased its holdings in Tyler Technologies by 94.1% in the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock valued at $63,812,000 after buying an additional 52,984 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the topic of a number of research reports. Oppenheimer upped their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. JMP Securities upped their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Truist Financial reaffirmed a “buy” rating and set a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $627.00 price objective on shares of Tyler Technologies in a research note on Friday, September 13th. Finally, Piper Sandler raised their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $642.62.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction on Friday, November 8th. The stock was sold at an average price of $624.41, for a total value of $1,561,025.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,461,699.50. This trade represents a 17.30 % 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 the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 37,100 shares of company stock worth $22,309,090. 2.20% of the stock is owned by company insiders.

Tyler Technologies Trading Down 0.2 %

Shares of Tyler Technologies stock opened at $629.17 on Friday. The firm has a market cap of $26.93 billion, a PE ratio of 114.81, a P/E/G ratio of 5.71 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $637.53. The business’s fifty day moving average is $599.13 and its two-hundred day moving average is $555.27.

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

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.