Envestnet Portfolio Solutions Inc. Sells 976 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Envestnet Portfolio Solutions Inc. cut its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 18.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,193 shares of the technology company’s stock after selling 976 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Tyler Technologies were worth $2,418,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TYL. Oregon Public Employees Retirement Fund boosted its holdings in Tyler Technologies by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock worth $2,115,000 after acquiring an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares in the last quarter. Baron Wealth Management LLC boosted its holdings in Tyler Technologies by 1.5% in the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after acquiring an additional 22 shares in the last quarter. Choreo LLC boosted its holdings in Tyler Technologies by 3.9% in the fourth quarter. Choreo LLC now owns 647 shares of the technology company’s stock worth $374,000 after acquiring an additional 24 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its holdings in Tyler Technologies by 2.2% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,123 shares of the technology company’s stock worth $648,000 after acquiring an additional 24 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TYL shares. Needham & Company LLC reissued a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. DA Davidson reissued a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Truist Financial restated a “buy” rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $676.25.

Tyler Technologies Stock Down 1.7 %

Tyler Technologies stock opened at $568.19 on Friday. The stock has a market cap of $24.44 billion, a PE ratio of 93.76, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The stock has a fifty day moving average of $598.75 and a 200 day moving average of $597.96.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares of the company’s stock, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.

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.