Park Place Capital Corp Sells 35 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Park Place Capital Corp trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 427 shares of the technology company’s stock after selling 35 shares during the quarter. Park Place Capital Corp’s holdings in Tyler Technologies were worth $215,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies during the 4th quarter worth approximately $26,000. Covestor Ltd grew its stake in Tyler Technologies by 153.6% during the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after acquiring an additional 43 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $31,000. Headlands Technologies LLC acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $40,000. Finally, Larson Financial Group LLC boosted its position in Tyler Technologies by 675.0% in the 1st quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock valued at $40,000 after buying an additional 81 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $481.83, for a total transaction of $2,529,607.50. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $36,137,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $481.83, for a total transaction of $2,529,607.50. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at $36,137,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Daniel M. Pope sold 275 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $578.26, for a total transaction of $159,021.50. Following the transaction, the director now directly owns 3,218 shares in the company, valued at $1,860,840.68. The disclosure for this sale can be found here. Insiders have sold 18,845 shares of company stock worth $9,118,667 in the last 90 days. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TYL has been the topic of several recent analyst reports. Evercore ISI upgraded Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. Piper Sandler raised their price objective on Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. The Goldman Sachs Group raised their target price on Tyler Technologies from $515.00 to $627.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Truist Financial reissued a “buy” rating and issued a $600.00 target price (up previously from $560.00) on shares of Tyler Technologies in a report on Friday, July 26th. Finally, Needham & Company LLC reissued a “buy” rating and set a $600.00 target price on shares of Tyler Technologies in a report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $582.31.

Tyler Technologies Trading Down 1.4 %

Tyler Technologies stock traded down $8.09 during trading hours on Monday, reaching $567.72. 144,798 shares of the company’s stock were exchanged, compared to its average volume of 226,938. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $593.50. The firm has a market capitalization of $24.10 billion, a PE ratio of 128.55, a PEG ratio of 5.25 and a beta of 0.76. The firm’s 50 day simple moving average is $507.27 and its 200 day simple moving average is $462.60. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.19.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.34 by $0.06. The business had revenue of $540.98 million for the quarter, compared to the consensus estimate of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. Tyler Technologies’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 earnings per share. Research analysts predict that Tyler Technologies, Inc. will post 7.23 earnings per share for the current year.

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.