1,288 Tyler Technologies, Inc. $TYL Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 14.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,922 shares of the technology company’s stock after selling 1,288 shares during the quarter. ProShare Advisors LLC’s holdings in Tyler Technologies were worth $2,524,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vise Technologies Inc. acquired a new stake in Tyler Technologies in the third quarter worth about $464,000. CHICAGO TRUST Co NA boosted its stake in shares of Tyler Technologies by 22.6% in the 3rd quarter. CHICAGO TRUST Co NA now owns 3,166 shares of the technology company’s stock valued at $1,009,000 after purchasing an additional 583 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Tyler Technologies in the 3rd quarter valued at about $1,147,000. V Square Quantitative Management LLC grew its position in shares of Tyler Technologies by 16.6% during the 3rd quarter. V Square Quantitative Management LLC now owns 1,192 shares of the technology company’s stock worth $380,000 after buying an additional 170 shares during the period. Finally, CX Institutional grew its position in shares of Tyler Technologies by 13.3% during the 3rd quarter. CX Institutional now owns 952 shares of the technology company’s stock worth $303,000 after buying an additional 112 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $393.17, for a total transaction of $3,931,700.00. Following the sale, the chief executive officer directly owned 100,392 shares in the company, valued at $39,471,122.64. This trade represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel M. Pope sold 680 shares of the business’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $407.56, for a total transaction of $277,140.80. Following the completion of the sale, the director directly owned 2,643 shares in the company, valued at $1,077,181.08. This represents a 20.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 38,430 shares of company stock worth $14,883,788. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

TYL has been the topic of several analyst reports. Weiss Ratings upgraded shares of Tyler Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 22nd. Zacks Research lowered shares of Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. UBS Group set a $395.00 price target on Tyler Technologies in a research note on Saturday, August 1st. Piper Sandler began coverage on Tyler Technologies in a research note on Monday, September 28th. They set an “overweight” rating and a $450.00 price objective for the company. Finally, DA Davidson reiterated a “buy” rating and issued a $460.00 price objective on shares of Tyler Technologies in a report on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $440.88.

Tyler Technologies Trading Down 2.3%

Shares of TYL stock traded down $10.04 on Friday, hitting $420.33. The stock had a trading volume of 738,585 shares, compared to its average volume of 793,027. Tyler Technologies, Inc. has a twelve month low of $270.71 and a twelve month high of $481.57. The firm has a market cap of $16.71 billion, a P/E ratio of 52.94, a PEG ratio of 2.66 and a beta of 0.74. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $357.96 and a two-hundred day moving average price of $336.87.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 28th. The technology company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.04. Tyler Technologies had a return on equity of 12.21% and a net margin of 13.51%. The firm had revenue of $647.57 million for the quarter, compared to analyst estimates of $651.38 million. During the same period in the previous year, the company posted $2.91 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts forecast that Tyler Technologies, Inc. will post 10.11 earnings per share for the current fiscal year.

Tyler Technologies Profile

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.