Mesirow Financial Investment Management Inc. Sells 36 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Mesirow Financial Investment Management Inc. decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.6% in the third quarter, HoldingsChannel.com reports. The fund owned 6,420 shares of the technology company’s stock after selling 36 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in Tyler Technologies were worth $3,747,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TYL. Independence Bank of Kentucky bought a new position in Tyler Technologies in the 2nd quarter worth approximately $25,000. Covestor Ltd lifted its holdings in shares of Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after buying an additional 43 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Lynx Investment Advisory purchased a new position in Tyler Technologies during the second quarter valued at $38,000. Finally, International Assets Investment Management LLC purchased a new position in Tyler Technologies during the second quarter valued at $61,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a report on Friday, July 26th. JMP Securities raised their price target on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Evercore ISI raised Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Needham & Company LLC boosted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies Stock Performance

Shares of NYSE:TYL opened at $623.22 on Monday. 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 12 month low of $397.80 and a 12 month high of $631.43. The company has a market capitalization of $26.67 billion, a price-to-earnings ratio of 113.73, a PEG ratio of 5.62 and a beta of 0.77. The firm’s 50-day moving average is $590.93 and its 200 day moving average is $542.35.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating 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 analysts’ expectations of $547.34 million. During the same quarter in the prior year, the firm posted $1.66 earnings per share. The company’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts predict that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,042,738.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $45,436,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,100 shares of company stock worth $17,746,270 over the last quarter. Company insiders own 2.20% of the company’s stock.

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.