Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 200 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 8.9% during the fourth quarter, Holdings Channel reports. The fund owned 2,045 shares of the technology company’s stock after selling 200 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Tyler Technologies were worth $865,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Trust Direct Indexing L.P. grew its position in Tyler Technologies by 2.7% during the third quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock valued at $423,000 after acquiring an additional 29 shares during the last quarter. Baron Wealth Management LLC grew its position in Tyler Technologies by 2.0% during the fourth quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock valued at $612,000 after acquiring an additional 29 shares during the last quarter. Cavalier Investments LLC grew its position in Tyler Technologies by 2.7% during the third quarter. Cavalier Investments LLC now owns 1,352 shares of the technology company’s stock valued at $522,000 after acquiring an additional 35 shares during the last quarter. CIBC Asset Management Inc grew its position in Tyler Technologies by 0.6% during the third quarter. CIBC Asset Management Inc now owns 6,030 shares of the technology company’s stock valued at $2,328,000 after acquiring an additional 35 shares during the last quarter. Finally, Allred Capital Management LLC grew its position in Tyler Technologies by 0.8% during the third quarter. Allred Capital Management LLC now owns 4,663 shares of the technology company’s stock valued at $1,801,000 after acquiring an additional 36 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Trading Up 1.5 %

TYL stock traded up $6.31 on Tuesday, reaching $417.72. The company’s stock had a trading volume of 79,733 shares, compared to its average volume of 204,339. The business has a fifty day simple moving average of $422.97 and a two-hundred day simple moving average of $414.28. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $454.74. The firm has a market cap of $17.73 billion, a PE ratio of 105.76, a PEG ratio of 3.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The company had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. As a group, research analysts forecast that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Analysts Set New Price Targets

TYL has been the topic of a number of recent research reports. Needham & Company LLC increased their price target on shares of Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. JMP Securities restated a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a report on Friday, February 16th. Piper Sandler raised their target price on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. JPMorgan Chase & Co. raised their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, DA Davidson raised their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and a consensus target price of $460.46.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,698,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 1,849 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the transaction, the chief executive officer now owns 79,502 shares of the company’s stock, valued at $33,485,447.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,608 shares of company stock valued at $21,974,819. 1.50% 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.