Astoria Portfolio Advisors LLC. Reduces Position in Tyler Technologies, Inc. (NYSE:TYL)

Astoria Portfolio Advisors LLC. trimmed its stake in Tyler Technologies, Inc. (NYSE:TYL) by 7.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,610 shares of the technology company’s stock after selling 720 shares during the period. Tyler Technologies accounts for approximately 1.8% of Astoria Portfolio Advisors LLC.’s holdings, making the stock its 13th largest position. Astoria Portfolio Advisors LLC.’s holdings in Tyler Technologies were worth $4,910,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in Tyler Technologies during the 3rd quarter worth approximately $27,000. Tobam bought a new stake in shares of Tyler Technologies during the 3rd quarter valued at $78,000. Quarry LP purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at $78,000. Brooklyn Investment Group bought a new position in Tyler Technologies in the 3rd quarter worth $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Tyler Technologies in the 3rd quarter worth $82,000. 93.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,202,504. The trade was a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,252 shares of company stock valued at $26,096,928 over the last three months. 2.20% of the stock is owned by company insiders.

Tyler Technologies Stock Down 1.1 %

Shares of NYSE:TYL opened at $569.18 on Friday. The company has a market cap of $24.36 billion, a price-to-earnings ratio of 103.87, a PEG ratio of 4.35 and a beta of 0.78. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $600.60 and a 200 day moving average price of $583.59.

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

Analysts Set New Price Targets

Several brokerages have recently commented on TYL. Barclays boosted their price objective on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Needham & Company LLC boosted their price target on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Robert W. Baird increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. DA Davidson boosted their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Truist Financial reaffirmed a “buy” rating and set a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $643.77.

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.