Redmond Asset Management LLC Sells 54 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Redmond Asset Management LLC decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,889 shares of the technology company’s stock after selling 54 shares during the period. Redmond Asset Management LLC’s holdings in Tyler Technologies were worth $2,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TYL. Ashton Thomas Securities LLC bought a new stake in Tyler Technologies in the 3rd quarter valued at $27,000. Sierra Ocean LLC bought a new position in shares of Tyler Technologies in the fourth quarter valued at about $32,000. Quarry LP bought a new position in shares of Tyler Technologies in the third quarter valued at about $78,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after purchasing an additional 21 shares during the period. Finally, Brooklyn Investment Group bought a new position in Tyler Technologies in the 3rd quarter valued at about $79,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

TYL stock opened at $614.89 on Friday. The stock has a market capitalization of $26.45 billion, a PE ratio of 101.47, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. The company’s 50-day moving average is $597.53 and its 200-day moving average is $596.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly 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 return on equity of 10.15% and a net margin of 12.30%. Equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group increased their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday. Oppenheimer raised their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JMP Securities raised their price target on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Finally, StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $4,285,187.78. The trade was a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of Tyler Technologies stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 11,918 shares in the company, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock valued at $18,941,368 in the last three months. 2.20% of the stock is currently owned by insiders.

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.