MADDEN SECURITIES Corp Decreases Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

MADDEN SECURITIES Corp lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,229 shares of the technology company’s stock after selling 94 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Tyler Technologies were worth $1,285,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TYL. Wedmont Private Capital purchased a new stake in Tyler Technologies during the 3rd quarter worth approximately $231,000. Exchange Traded Concepts LLC acquired a new stake in shares of Tyler Technologies during the third quarter worth $270,000. Sapient Capital LLC grew its holdings in shares of Tyler Technologies by 375.6% during the third quarter. Sapient Capital LLC now owns 2,754 shares of the technology company’s stock valued at $1,608,000 after buying an additional 2,175 shares during the last quarter. Creative Planning increased its position in shares of Tyler Technologies by 2.9% in the 3rd quarter. Creative Planning now owns 24,051 shares of the technology company’s stock valued at $14,039,000 after acquiring an additional 686 shares during the period. Finally, Vontobel Holding Ltd. raised its stake in Tyler Technologies by 3.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 1,214 shares of the technology company’s stock worth $709,000 after acquiring an additional 46 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE TYL opened at $612.18 on Tuesday. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of 111.71, a PEG ratio of 4.78 and a beta of 0.78. The stock has a 50-day moving average of $596.22 and a 200 day moving average of $593.06. 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, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56.

Wall Street Analyst Weigh In

TYL has been the topic of a number of research reports. Robert W. Baird increased their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. DA Davidson reiterated a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Oppenheimer raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Barclays upped their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $645.69.

Insider Activity

In related news, insider John S. Marr, Jr. sold 12,000 shares of the company’s 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 completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of Tyler Technologies stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the completion of the sale, the chief financial officer now owns 11,918 shares in the company, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock worth $18,941,368 over the last three months. 2.20% of the stock is currently 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.