Astoria Portfolio Advisors LLC. Sells 720 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Astoria Portfolio Advisors LLC. lowered its position in Tyler Technologies, Inc. (NYSE:TYL) by 7.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,610 shares of the technology company’s stock after selling 720 shares during the quarter. Tyler Technologies makes up approximately 1.8% of Astoria Portfolio Advisors LLC.’s portfolio, making the stock its 13th biggest position. Astoria Portfolio Advisors LLC.’s holdings in Tyler Technologies were worth $4,910,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of TYL. Jackson Square Capital LLC raised its holdings in Tyler Technologies by 5.1% during the 4th quarter. Jackson Square Capital LLC now owns 2,238 shares of the technology company’s stock valued at $1,291,000 after buying an additional 108 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Tyler Technologies during the fourth quarter valued at about $288,000. Merit Financial Group LLC bought a new position in Tyler Technologies in the fourth quarter worth about $305,000. Bouvel Investment Partners LLC lifted its holdings in Tyler Technologies by 1.0% in the fourth quarter. Bouvel Investment Partners LLC now owns 5,139 shares of the technology company’s stock worth $2,963,000 after buying an additional 53 shares during the period. Finally, Argent Capital Management LLC bought a new stake in Tyler Technologies during the 4th quarter valued at approximately $1,980,000. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,202,504. This trade represents a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,252 shares of company stock worth $26,096,928. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TYL shares. Truist Financial reissued a “buy” rating and issued a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Barclays raised their price objective on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Piper Sandler upped their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC lifted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $643.77.

Tyler Technologies Price Performance

Shares of TYL opened at $569.18 on Friday. The company has a market capitalization of $24.36 billion, a P/E ratio of 103.87, a price-to-earnings-growth ratio of 4.35 and a beta of 0.78. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $600.60 and a 200 day moving average of $583.59.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million during 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 quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.66 EPS. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal 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.