CHICAGO TRUST Co NA Sells 415 Shares of Tyler Technologies, Inc. (NYSE:TYL)

CHICAGO TRUST Co NA decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,388 shares of the technology company’s stock after selling 415 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Tyler Technologies were worth $1,377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies during the 3rd quarter worth about $27,000. Tobam acquired a new position in Tyler Technologies during the 3rd quarter worth $78,000. Quarry LP bought a new position in Tyler Technologies in the 3rd quarter valued at $78,000. Brooklyn Investment Group acquired a new stake in shares of Tyler Technologies during the 3rd quarter worth approximately $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Tyler Technologies during the third quarter worth approximately $82,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the subject of several recent research reports. Robert W. Baird upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Barclays raised their target price on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson upped their price target on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Truist Financial reissued a “buy” rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Finally, Needham & Company LLC lifted 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. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $643.77.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,424,079.65. This trade represents a 46.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 6,752 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the sale, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,252 shares of company stock valued at $26,096,928. 2.20% of the stock is owned by company insiders.

Tyler Technologies Stock Performance

TYL traded up $0.16 on Monday, reaching $559.86. The company had a trading volume of 49,709 shares, compared to its average volume of 199,542. The stock has a market cap of $23.96 billion, a P/E ratio of 102.16, a P/E/G ratio of 5.54 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56. The company’s fifty day moving average is $604.62 and its 200 day moving average is $581.76.

Tyler Technologies (NYSE:TYL) last announced 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 company had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 earnings per share. As a group, analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

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.