Coldstream Capital Management Inc. Grows Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Coldstream Capital Management Inc. lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 20.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,458 shares of the technology company’s stock after purchasing an additional 250 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Tyler Technologies were worth $854,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Tyler Technologies during the third quarter worth approximately $27,000. Independence Bank of Kentucky purchased a new stake in shares of Tyler Technologies during the second quarter worth approximately $25,000. Blue Trust Inc. raised its position in Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after acquiring an additional 56 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Tyler Technologies in the second quarter worth $61,000. Finally, Quarry LP purchased a new position in Tyler Technologies in the third quarter worth $78,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TYL. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Robert W. Baird increased their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Piper Sandler increased their price objective on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. JMP Securities upped their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $642.62.

Tyler Technologies Stock Up 0.5 %

Shares of NYSE:TYL opened at $628.38 on Friday. The stock’s 50-day moving average price is $608.09 and its two-hundred day moving average price is $564.69. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The firm has a market cap of $26.89 billion, a price-to-earnings ratio of 114.67, a PEG ratio of 5.66 and a beta of 0.76.

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

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,202,504. This trade represents a 20.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,500 shares of company stock worth $21,952,888. 2.20% of the stock is currently owned by company insiders.

About Tyler Technologies

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.