Crossmark Global Holdings Inc. Lowers Stake in Tyler Technologies, Inc. (NYSE:TYL)

Crossmark Global Holdings Inc. decreased its position in Tyler Technologies, Inc. (NYSE:TYL) by 13.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,539 shares of the technology company’s stock after selling 389 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Tyler Technologies were worth $1,482,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new position in shares of Tyler Technologies in the second quarter valued at approximately $25,000. Covestor Ltd lifted its holdings in Tyler Technologies by 153.6% during the 1st 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 Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock valued at $37,000 after buying an additional 56 shares during the period. Lynx Investment Advisory acquired a new position in shares of Tyler Technologies in the second quarter worth $38,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Tyler Technologies during the second quarter worth $61,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,461,699.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,600 shares of company stock valued at $19,307,295 in the last ninety days. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on TYL. StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. BTIG Research boosted their price objective on Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. Wells Fargo & Company boosted their price target on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Robert W. Baird raised their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $642.62.

Tyler Technologies Stock Performance

NYSE TYL opened at $616.51 on Thursday. The company has a fifty day moving average of $592.85 and a two-hundred day moving average of $545.06. The company has a market capitalization of $26.39 billion, a PE ratio of 112.50, a P/E/G ratio of 5.59 and a beta of 0.77. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $631.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.66 EPS. As a group, analysts expect that Tyler Technologies, Inc. will post 7.39 earnings per share for the current 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.