Motley Fool Wealth Management LLC Lowers Position in Tyler Technologies, Inc. (NYSE:TYL)

Motley Fool Wealth Management LLC decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,769 shares of the technology company’s stock after selling 767 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.06% of Tyler Technologies worth $13,675,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Oak Thistle LLC grew its stake in shares of Tyler Technologies by 213.7% during the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after acquiring an additional 1,586 shares during the period. Kensington Investment Counsel LLC lifted its holdings in Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company’s stock valued at $1,439,000 after purchasing an additional 20 shares in the last quarter. Diversified Trust Co bought a new position in shares of Tyler Technologies in the fourth quarter worth approximately $596,000. Fiduciary Alliance LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter worth $1,594,000. Finally, Barclays PLC raised its position in shares of Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company’s stock valued at $51,543,000 after purchasing an additional 2,169 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $580.89 on Wednesday. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $599.38 and its 200 day moving average is $597.96. The company has a market cap of $25.04 billion, a price-to-earnings ratio of 95.86, a PEG ratio of 4.93 and a beta of 0.80.

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

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,550 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Barclays lifted their target price on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, DA Davidson reiterated a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average price target of $676.25.

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.