Kopion Asset Management LLC Sells 34 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Kopion Asset Management LLC decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 3.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,084 shares of the technology company’s stock after selling 34 shares during the period. Tyler Technologies makes up 0.4% of Kopion Asset Management LLC’s portfolio, making the stock its 20th biggest position. Kopion Asset Management LLC’s holdings in Tyler Technologies were worth $625,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TYL. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies in the third quarter worth about $27,000. Tobam acquired a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $78,000. Quarry LP acquired a new stake in Tyler Technologies in the 3rd quarter valued at $78,000. Brooklyn Investment Group bought a new stake in Tyler Technologies in the third quarter valued at $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Tyler Technologies during the third quarter valued at $82,000. 93.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on TYL shares. Oppenheimer raised their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Robert W. Baird upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Piper Sandler increased their price objective on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC boosted their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities lifted their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $643.77.

Tyler Technologies Stock Up 1.6 %

Shares of NYSE TYL traded up $9.04 during mid-day trading on Wednesday, hitting $579.31. The company had a trading volume of 11,448 shares, compared to its average volume of 191,800. 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 firm has a 50-day simple moving average of $603.11 and a two-hundred day simple moving average of $582.71. The company has a market capitalization of $24.79 billion, a PE ratio of 105.71, a price-to-earnings-growth ratio of 5.54 and a beta of 0.78. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the prior year, the business posted $1.66 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Insider Transactions at Tyler Technologies

In other 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 directly owns 6,983 shares of the company’s stock, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $624.41, for a total value of $1,561,025.00. Following the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,461,699.50. The trade was a 17.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,252 shares of company stock worth $26,096,928 in the last ninety days. 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.