Tyler Technologies, Inc. (NYSE:TYL) Stock Holdings Trimmed by Curi RMB Capital LLC

Curi RMB Capital LLC lowered its position in Tyler Technologies, Inc. (NYSE:TYL) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 104,795 shares of the technology company’s stock after selling 2,440 shares during the quarter. Tyler Technologies comprises about 1.4% of Curi RMB Capital LLC’s holdings, making the stock its 10th biggest holding. Curi RMB Capital LLC owned approximately 0.24% of Tyler Technologies worth $61,171,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TYL. Independence Bank of Kentucky acquired a new position in shares of Tyler Technologies during the 2nd quarter worth $25,000. Ashton Thomas Securities LLC purchased a new stake in Tyler Technologies in the 3rd quarter valued at about $27,000. Covestor Ltd raised its stake in Tyler Technologies by 153.6% during the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock worth $30,000 after purchasing an additional 43 shares during the period. Blue Trust Inc. raised its position in shares of Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares during the period. Finally, Lynx Investment Advisory acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at about $38,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Down 0.4 %

Shares of Tyler Technologies stock opened at $616.51 on Thursday. The stock has a market capitalization of $26.39 billion, a price-to-earnings ratio of 112.50, a P/E/G ratio of 5.59 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The company’s 50 day moving average price is $592.85 and its 200-day moving average price is $545.06. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $631.43.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same quarter in the previous year, the firm posted $1.66 earnings per share. Tyler Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts forecast that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TYL. Needham & Company LLC increased their target price on Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Evercore ISI raised Tyler Technologies to a “hold” rating in a report on Friday, July 26th. DA Davidson raised their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays increased their target price on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $642.62.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $586.97, for a total value of $1,467,425.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,014,291.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $45,436,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $586.97, for a total value of $1,467,425.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,014,291.50. 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 have sold 32,600 shares of company stock worth $19,307,295. Insiders own 2.20% of the company’s stock.

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.