Versor Investments LP Sells 4,056 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Versor Investments LP reduced its stake in Tyler Technologies, Inc. (NYSE:TYL) by 79.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,078 shares of the technology company’s stock after selling 4,056 shares during the quarter. Versor Investments LP’s holdings in Tyler Technologies were worth $622,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in Tyler Technologies in the 3rd quarter worth $27,000. Sierra Ocean LLC bought a new position in Tyler Technologies in the 4th quarter worth $32,000. Quarry LP bought a new position in Tyler Technologies in the 3rd quarter worth $78,000. MassMutual Private Wealth & Trust FSB raised its holdings in Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after acquiring an additional 21 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Tyler Technologies during the third quarter valued at about $79,000. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the chief financial officer now owns 11,918 shares of the company’s stock, valued at approximately $7,314,672.50. This represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,766 shares of company stock worth $13,548,346. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TYL. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Needham & Company LLC reissued a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Truist Financial reissued a “buy” rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, Barclays raised their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $676.25.

Tyler Technologies Trading Up 0.4 %

Shares of TYL stock opened at $607.66 on Friday. The stock has a market capitalization of $26.14 billion, a price-to-earnings ratio of 100.27, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average price is $598.40 and its 200-day moving average price is $597.41.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.