Consilio Wealth Advisors LLC Sells 1,038 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Consilio Wealth Advisors LLC cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 28.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,586 shares of the technology company’s stock after selling 1,038 shares during the period. Tyler Technologies makes up 0.5% of Consilio Wealth Advisors LLC’s holdings, making the stock its 23rd biggest holding. Consilio Wealth Advisors LLC’s holdings in Tyler Technologies were worth $1,099,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Kapitalo Investimentos Ltda purchased a new position in Tyler Technologies during the fourth quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Tyler Technologies in the fourth quarter valued at about $31,000. Headlands Technologies LLC purchased a new position in Tyler Technologies in the fourth quarter valued at about $40,000. Lindbrook Capital LLC boosted its stake in Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after acquiring an additional 39 shares during the last quarter. Finally, Chilton Capital Management LLC purchased a new position in Tyler Technologies in the fourth quarter valued at about $52,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Down 0.6 %

Shares of Tyler Technologies stock traded down $3.26 during trading on Monday, reaching $499.52. The company’s stock had a trading volume of 220,392 shares, compared to its average volume of 222,143. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $506.07. The company has a market cap of $21.21 billion, a price-to-earnings ratio of 113.01, a PEG ratio of 4.72 and a beta of 0.76. The firm’s 50-day moving average is $476.60 and its two-hundred day moving average is $441.80. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $512.36 million during the quarter, compared to analysts’ expectations of $507.79 million. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on TYL shares. BTIG Research boosted their target price on shares of Tyler Technologies from $515.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Loop Capital upped their target price on shares of Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. JMP Securities reaffirmed a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a report on Friday, April 26th. Oppenheimer upped their target price on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, May 22nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $560.00 target price (up previously from $510.00) on shares of Tyler Technologies in a report on Thursday, May 23rd. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $519.09.

Insider Activity

In other Tyler Technologies news, Director Daniel M. Pope sold 520 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the completion of the sale, the director now owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Tyler Technologies news, Director Daniel M. Pope sold 520 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the completion of the sale, the director now owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,241 shares of company stock valued at $12,495,890. Corporate insiders own 1.50% of the company’s stock.

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.