Quantum Capital Management LLC NJ Sells 1,074 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Quantum Capital Management LLC NJ decreased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 38,571 shares of the technology company’s stock after selling 1,074 shares during the period. Tyler Technologies accounts for about 1.9% of Quantum Capital Management LLC NJ’s holdings, making the stock its 16th largest position. Quantum Capital Management LLC NJ’s holdings in Tyler Technologies were worth $16,127,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Tyler Technologies by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock valued at $1,897,268,000 after purchasing an additional 29,578 shares during the last quarter. Norges Bank acquired a new position in Tyler Technologies in the 4th quarter valued at $459,691,000. Franklin Resources Inc. raised its holdings in Tyler Technologies by 6.7% in the 4th quarter. Franklin Resources Inc. now owns 1,040,341 shares of the technology company’s stock worth $434,987,000 after acquiring an additional 64,889 shares during the period. Morgan Stanley lifted its position in Tyler Technologies by 21.1% during the 3rd quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock worth $392,208,000 after acquiring an additional 177,242 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Tyler Technologies by 5.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 872,960 shares of the technology company’s stock valued at $365,002,000 after acquiring an additional 49,008 shares during the period. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction on Monday, February 26th. The stock was sold at an average price of $438.98, for a total value of $2,853,370.00. Following the completion of the transaction, the insider now owns 6,400 shares in the company, valued at approximately $2,809,472. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Daniel M. Pope sold 520 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total value of $255,413.60. Following the completion of the sale, the director now owns 3,493 shares of the company’s stock, valued at $1,715,691.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $438.98, for a total value of $2,853,370.00. Following the transaction, the insider now directly owns 6,400 shares in the company, valued at approximately $2,809,472. The disclosure for this sale can be found here. Insiders have sold a total of 46,049 shares of company stock worth $20,727,935 in the last three months. Insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TYL. JPMorgan Chase & Co. lifted their price objective on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research report on Friday, April 26th. Needham & Company LLC upped their price target on Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Robert W. Baird raised their price objective on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, DA Davidson upped their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $519.09.

Tyler Technologies Price Performance

Shares of NYSE TYL traded up $0.92 during midday trading on Friday, reaching $492.05. 92,009 shares of the company traded hands, compared to its average volume of 206,366. The stock’s 50-day simple moving average is $443.38 and its 200-day simple moving average is $429.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $500.49. The firm has a market cap of $20.89 billion, a PE ratio of 111.32, a PEG ratio of 4.59 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. The firm had revenue of $512.36 million for the quarter, compared to analyst estimates of $507.79 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.

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.