Wealth Alliance Sells 61 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Wealth Alliance decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 649 shares of the technology company’s stock after selling 61 shares during the quarter. Wealth Alliance’s holdings in Tyler Technologies were worth $374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Tyler Technologies during the 3rd quarter valued at $27,000. Sierra Ocean LLC purchased a new position in shares of Tyler Technologies during the 4th quarter valued at $32,000. Quarry LP purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at $78,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Tyler Technologies by 18.4% during the 4th 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 in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at $79,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $614.89 on Friday. 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 company has a market capitalization of $26.32 billion, a PE ratio of 101.47, a P/E/G ratio of 5.04 and a beta of 0.78. The firm has a fifty day simple moving average of $597.53 and a two-hundred day simple moving average of $596.32. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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%. Research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of recent analyst reports. JMP Securities boosted their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. Barclays boosted their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. DA Davidson restated a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group upped their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $47,355,750. This represents a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock valued at $18,941,368 over the last three months. Insiders own 2.20% of the company’s stock.

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.