McCollum Christoferson Group LLC Sells 96 Shares of Tyler Technologies, Inc. (NYSE:TYL)

McCollum Christoferson Group LLC lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,335 shares of the technology company’s stock after selling 96 shares during the quarter. Tyler Technologies comprises approximately 2.6% of McCollum Christoferson Group LLC’s portfolio, making the stock its 16th biggest holding. McCollum Christoferson Group LLC’s holdings in Tyler Technologies were worth $8,951,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Waldron Private Wealth LLC lifted its holdings in shares of Tyler Technologies by 3.5% in the second quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company’s stock worth $360,000 after buying an additional 24 shares in the last quarter. Industrial Alliance Investment Management Inc. lifted its holdings in shares of Tyler Technologies by 4.4% in the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock worth $295,000 after buying an additional 29 shares in the last quarter. George Kaiser Family Foundation lifted its holdings in shares of Tyler Technologies by 0.7% in the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company’s stock worth $2,100,000 after buying an additional 29 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Tyler Technologies by 2.4% in the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock worth $790,000 after buying an additional 32 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Tyler Technologies by 3.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock worth $444,000 after buying an additional 33 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on TYL shares. JMP Securities increased their price target on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. DA Davidson raised their target price on shares of Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. Wells Fargo & Company raised their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, BTIG Research raised their target price on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $591.77.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,000 shares of Tyler Technologies stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total value of $1,135,920.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at $6,787,122. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total value of $1,467,425.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at $7,014,291.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total value of $1,135,920.00. Following the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $6,787,122. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,375 shares of company stock worth $17,049,739. Insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Down 1.7 %

Shares of Tyler Technologies stock opened at $590.54 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $606.93. The stock has a market capitalization of $25.07 billion, a price-to-earnings ratio of 133.61, a P/E/G ratio of 5.42 and a beta of 0.78. The company’s 50 day moving average price is $582.69 and its 200-day moving average price is $518.28.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The firm had revenue of $540.98 million for the quarter, compared to analysts’ expectations of $541.01 million. During the same quarter last year, the business earned $1.53 earnings per share. The business’s revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that Tyler Technologies, Inc. will post 7.21 EPS for the current 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.