Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 57.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 902 shares of the technology company’s stock after selling 1,202 shares during the period. Blueshift Asset Management LLC’s holdings in Tyler Technologies were worth $520,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TYL. Empowered Funds LLC increased its position in Tyler Technologies by 15.3% during the third quarter. Empowered Funds LLC now owns 2,321 shares of the technology company’s stock worth $1,355,000 after buying an additional 308 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Tyler Technologies during the third quarter worth approximately $569,000. PNC Financial Services Group Inc. increased its position in Tyler Technologies by 10.6% during the third quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the technology company’s stock worth $6,053,000 after buying an additional 993 shares during the period. Segall Bryant & Hamill LLC increased its position in Tyler Technologies by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 11,311 shares of the technology company’s stock worth $6,602,000 after buying an additional 232 shares during the period. Finally, Citizens Financial Group Inc. RI acquired a new position in Tyler Technologies during the third quarter worth approximately $206,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Trading Down 1.7 %

Shares of TYL stock opened at $568.19 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market capitalization of $24.44 billion, a PE ratio of 93.76, a P/E/G ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The business’s fifty day moving average price is $598.75 and its 200 day moving average price is $597.96.

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 the consensus estimate 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 forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. 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. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Truist Financial reissued a “buy” rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction on 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 sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,064 shares of company stock valued at $8,688,030. Insiders own 2.20% of the company’s stock.

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.