Blueshift Asset Management LLC Sells 307 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Blueshift Asset Management LLC lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,104 shares of the technology company’s stock after selling 307 shares during the quarter. Blueshift Asset Management LLC’s holdings in Tyler Technologies were worth $1,228,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TYL. Swedbank AB bought a new stake in shares of Tyler Technologies during the 2nd quarter valued at $251,390,000. International Assets Investment Management LLC increased its stake in Tyler Technologies by 252,047.5% in the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after purchasing an additional 307,498 shares in the last quarter. FMR LLC increased its stake in Tyler Technologies by 94.1% in the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock valued at $63,812,000 after purchasing an additional 52,984 shares in the last quarter. Westwind Capital raised its holdings in Tyler Technologies by 7,614.0% in the third quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock worth $27,062,000 after purchasing an additional 45,760 shares during the period. Finally, LMR Partners LLP bought a new position in shares of Tyler Technologies during the third quarter worth $23,383,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $44,323,500. This represents a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,600 shares of company stock valued at $23,776,515. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TYL. Robert W. Baird boosted their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Barclays lifted their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. DA Davidson raised their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Needham & Company LLC upped their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock opened at $635.22 on Wednesday. The company has a market cap of $27.19 billion, a P/E ratio of 115.92, a PEG ratio of 5.65 and a beta of 0.77. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of $595.99 and a two-hundred day moving average price of $553.15. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $635.40.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.66 earnings per share. As a group, analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

About Tyler Technologies

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.