Shell Asset Management Co. Has $628,000 Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Shell Asset Management Co. cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 45.0% in the first quarter, Holdings Channel reports. The institutional investor owned 1,477 shares of the technology company’s stock after selling 1,208 shares during the quarter. Shell Asset Management Co.’s holdings in Tyler Technologies were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Centered Wealth LLC dba Miller Equity Capital Advisors lifted its stake in shares of Tyler Technologies by 0.8% in the fourth quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock valued at $1,639,000 after buying an additional 30 shares during the period. GW&K Investment Management LLC lifted its position in shares of Tyler Technologies by 0.3% in the 4th quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock worth $5,035,000 after acquiring an additional 31 shares during the period. Avantax Advisory Services Inc. grew its holdings in shares of Tyler Technologies by 5.2% during the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock worth $280,000 after purchasing an additional 33 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Tyler Technologies by 3.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock valued at $444,000 after purchasing an additional 33 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Tyler Technologies by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,965 shares of the technology company’s stock valued at $4,585,000 after purchasing an additional 34 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $481.83, for a total value of $2,529,607.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $36,137,250. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $481.83, for a total value of $2,529,607.50. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $36,137,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel M. Pope sold 520 shares of Tyler Technologies stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $491.18, for a total transaction of $255,413.60. Following the sale, the director now directly owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,241 shares of company stock worth $12,495,890. Insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded up $23.35 during midday trading on Friday, reaching $587.69. The company’s stock had a trading volume of 97,689 shares, compared to its average volume of 220,617. The business’s fifty day simple moving average is $497.34 and its 200-day simple moving average is $455.55. 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 $587.69. The company has a market capitalization of $24.95 billion, a P/E ratio of 130.92, a P/E/G ratio of 4.84 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.82%. The company had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. During the same period in the previous year, the firm posted $1.53 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 7.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TYL has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of Tyler Technologies from $529.00 to $625.00 and gave the stock an “overweight” rating in a research note on Friday. Robert W. Baird lifted their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Barclays increased their price target on shares of Tyler Technologies from $473.00 to $515.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Oppenheimer upped their price objective on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Loop Capital raised their target price on Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $571.38.

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.