Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,882 shares of the technology company’s stock after selling 70 shares during the period. State of Alaska Department of Revenue’s holdings in Tyler Technologies were worth $2,815,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TYL. Wedmont Private Capital purchased a new position in Tyler Technologies in the third quarter valued at $231,000. Exchange Traded Concepts LLC purchased a new position in shares of Tyler Technologies in the 3rd quarter valued at about $270,000. Sapient Capital LLC raised its position in shares of Tyler Technologies by 375.6% during the 3rd quarter. Sapient Capital LLC now owns 2,754 shares of the technology company’s stock worth $1,608,000 after acquiring an additional 2,175 shares in the last quarter. Creative Planning lifted its stake in Tyler Technologies by 2.9% during the third quarter. Creative Planning now owns 24,051 shares of the technology company’s stock worth $14,039,000 after purchasing an additional 686 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in Tyler Technologies by 3.9% in the third quarter. Vontobel Holding Ltd. now owns 1,214 shares of the technology company’s stock valued at $709,000 after purchasing an additional 46 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Down 1.6 %

Tyler Technologies stock opened at $606.07 on Monday. The stock’s 50 day moving average price is $596.48 and its 200 day moving average price is $592.72. The company has a market cap of $25.94 billion, a PE ratio of 110.60, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78. 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 $638.56.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,502 shares of company stock worth $18,941,368. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. DA Davidson restated a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Robert W. Baird upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. Finally, Barclays upped their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $645.69.

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.