Tyler Technologies, Inc. (NYSE:TYL) is Catawba River Capital’s 5th Largest Position

Catawba River Capital cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,253 shares of the technology company’s stock after selling 77 shares during the period. Tyler Technologies comprises about 5.6% of Catawba River Capital’s holdings, making the stock its 5th largest position. Catawba River Capital’s holdings in Tyler Technologies were worth $9,372,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Tyler Technologies in the 3rd quarter valued at about $27,000. Quarry LP purchased a new position in shares of Tyler Technologies during the 3rd quarter worth $78,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after purchasing an additional 21 shares during the last quarter. Brooklyn Investment Group acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Tyler Technologies during the 3rd quarter worth $82,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the transaction, the chief financial officer now directly owns 12,198 shares in the company, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,502 shares of company stock worth $18,941,368. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

TYL has been the subject of a number of research reports. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Needham & Company LLC restated a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Piper Sandler increased their price target on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Truist Financial restated a “buy” rating and issued a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Finally, Robert W. Baird lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $645.69.

Tyler Technologies Trading Up 1.0 %

Tyler Technologies stock opened at $612.18 on Tuesday. The firm has a 50-day moving average price of $596.22 and a two-hundred day moving average price of $593.06. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The firm has a market capitalization of $26.20 billion, a price-to-earnings ratio of 111.71, a PEG ratio of 4.78 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

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.