Raymond James Trust N.A. Trims Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Raymond James Trust N.A. lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,425 shares of the technology company’s stock after selling 119 shares during the period. Raymond James Trust N.A.’s holdings in Tyler Technologies were worth $832,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of TYL. O Shaughnessy Asset Management LLC grew its stake in Tyler Technologies by 143.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company’s stock valued at $762,000 after acquiring an additional 1,058 shares in the last quarter. 1832 Asset Management L.P. grew its stake in Tyler Technologies by 9.3% during the first quarter. 1832 Asset Management L.P. now owns 2,053 shares of the technology company’s stock valued at $873,000 after acquiring an additional 174 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Tyler Technologies by 18.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock valued at $180,622,000 after acquiring an additional 65,814 shares in the last quarter. Janus Henderson Group PLC grew its stake in Tyler Technologies by 15.3% during the first quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after acquiring an additional 70,801 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. grew its stake in Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after acquiring an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $45,436,500. This represents a 7.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,014,291.50. This trade represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,600 shares of company stock worth $16,412,595 in the last quarter. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 2.0 %

NYSE:TYL opened at $609.09 on Monday. The firm’s 50-day moving average price is $595.22 and its 200-day moving average price is $552.15. The company has a market capitalization of $26.07 billion, a PE ratio of 111.15, a P/E/G ratio of 5.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $631.43.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.66 EPS. On average, equities analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TYL shares. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. The Goldman Sachs Group reiterated a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a research report on Friday, September 13th. Oppenheimer lifted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Truist Financial reiterated a “buy” rating and set a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Finally, DA Davidson lifted their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies Company 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.