Bell Bank Sells 150 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Bell Bank cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 6.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,351 shares of the technology company’s stock after selling 150 shares during the quarter. Bell Bank’s holdings in Tyler Technologies were worth $1,356,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new position in shares of Tyler Technologies during the 3rd quarter valued at $27,000. Sierra Ocean LLC bought a new stake in Tyler Technologies in the fourth quarter valued at $32,000. Quarry LP acquired a new position in shares of Tyler Technologies during the third quarter valued at about $78,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Tyler Technologies by 18.4% during the 4th 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 in the last quarter. Finally, Brooklyn Investment Group acquired a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $79,000. 93.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Piper Sandler upped their price target on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday. JMP Securities lifted their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. Robert W. Baird upped 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $676.25.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the sale, the chief financial officer now owns 12,198 shares of the company’s stock, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,502 shares of company stock worth $18,941,368. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Trading Down 2.4 %

NYSE:TYL opened at $614.89 on Friday. The firm has a market capitalization of $26.45 billion, a P/E ratio of 101.47, a P/E/G ratio of 4.93 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a fifty day moving average of $597.53 and a 200 day moving average of $596.32. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.