Quantum Capital Management LLC NJ Decreases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Quantum Capital Management LLC NJ cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,571 shares of the technology company’s stock after selling 1,074 shares during the period. Tyler Technologies makes up approximately 1.9% of Quantum Capital Management LLC NJ’s holdings, making the stock its 16th largest holding. Quantum Capital Management LLC NJ owned about 0.09% of Tyler Technologies worth $16,127,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of TYL. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Tyler Technologies in the 4th quarter valued at about $31,000. Headlands Technologies LLC acquired a new position in shares of Tyler Technologies during the 4th quarter worth approximately $40,000. Lindbrook Capital LLC raised its position in shares of Tyler Technologies by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after purchasing an additional 39 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in Tyler Technologies in the 4th quarter valued at approximately $52,000. Finally, Headinvest LLC acquired a new stake in Tyler Technologies during the 3rd quarter valued at $78,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TYL. Needham & Company LLC upped their price objective on Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. DA Davidson boosted their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Oppenheimer lifted their target price on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price objective on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, JMP Securities restated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $519.09.

Insider Activity

In related news, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $438.98, for a total transaction of $2,853,370.00. Following the completion of the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,809,472. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $3,374,255.43. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction on Monday, February 26th. The stock was sold at an average price of $438.98, for a total transaction of $2,853,370.00. Following the completion of the sale, the insider now owns 6,400 shares of the company’s stock, valued at approximately $2,809,472. The disclosure for this sale can be found here. Insiders have sold 46,049 shares of company stock worth $20,727,935 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 0.2 %

NYSE TYL traded up $0.92 during trading hours on Friday, hitting $492.05. The company had a trading volume of 92,009 shares, compared to its average volume of 206,366. The firm’s 50 day moving average is $443.38 and its 200 day moving average is $429.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $500.49. The company has a market capitalization of $20.89 billion, a price-to-earnings ratio of 111.32, a P/E/G ratio of 4.59 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.26. The company had revenue of $512.36 million during the quarter, compared to the consensus estimate of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.

Tyler Technologies Company 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.