Hartford Investment Management Co. Sells 32 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Hartford Investment Management Co. cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,693 shares of the technology company’s stock after selling 32 shares during the quarter. Hartford Investment Management Co.’s holdings in Tyler Technologies were worth $1,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TYL. Independence Bank of Kentucky purchased a new position in Tyler Technologies during the 2nd quarter valued at $25,000. Covestor Ltd increased its position in shares of Tyler Technologies by 153.6% during the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after buying an additional 43 shares during the period. Blue Trust Inc. raised its stake in Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares in the last quarter. Lynx Investment Advisory purchased a new stake in Tyler Technologies in the second quarter worth about $38,000. Finally, Larson Financial Group LLC lifted its holdings in Tyler Technologies by 675.0% in the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock worth $40,000 after buying an additional 81 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total value of $3,603,062.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total value of $3,603,062.50. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. 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 can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,042,738.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,375 shares of company stock worth $17,049,739 over the last quarter. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TYL. The Goldman Sachs Group reissued a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a research report on Friday, September 13th. Piper Sandler raised their price objective on Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. BTIG Research upped their target price on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Needham & Company LLC increased their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, JMP Securities boosted their price objective on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a research note on Monday, July 22nd. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $601.38.

Tyler Technologies Stock Up 5.0 %

Tyler Technologies stock opened at $611.47 on Friday. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $631.43. The stock has a fifty day simple moving average of $584.45 and a two-hundred day simple moving average of $525.37. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.19. The firm has a market cap of $26.09 billion, a price-to-earnings ratio of 126.34, a PEG ratio of 5.42 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. Tyler Technologies’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.66 EPS. Equities analysts predict that Tyler Technologies, Inc. will post 7.21 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.