Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Legal Advantage Investments Inc.

Legal Advantage Investments Inc. lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,673 shares of the technology company’s stock after selling 175 shares during the period. Tyler Technologies comprises about 3.0% of Legal Advantage Investments Inc.’s investment portfolio, making the stock its 8th biggest holding. Legal Advantage Investments Inc.’s holdings in Tyler Technologies were worth $5,624,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $338,000. Sterling Capital Management LLC lifted its stake in shares of Tyler Technologies by 7.0% in the fourth quarter. Sterling Capital Management LLC now owns 962 shares of the technology company’s stock worth $555,000 after buying an additional 63 shares during the last quarter. XTX Topco Ltd lifted its stake in shares of Tyler Technologies by 50.9% in the fourth quarter. XTX Topco Ltd now owns 1,059 shares of the technology company’s stock worth $611,000 after buying an additional 357 shares during the last quarter. Wasatch Advisors LP lifted its stake in shares of Tyler Technologies by 3.0% in the fourth quarter. Wasatch Advisors LP now owns 2,154 shares of the technology company’s stock worth $1,242,000 after buying an additional 62 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in shares of Tyler Technologies by 897.6% in the fourth quarter. Marshall Wace LLP now owns 112,210 shares of the technology company’s stock worth $64,705,000 after buying an additional 100,962 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the transaction, the chief executive officer owned 81,775 shares of the company’s stock, valued at approximately $48,156,479.75. This represents a 6.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of Tyler Technologies stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total transaction of $215,100.00. Following the sale, the insider directly owned 247 shares of the company’s stock, valued at $141,679.20. This represents a 60.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,102 shares of company stock valued at $16,303,524. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Trading Down 1.3%

Shares of NYSE TYL opened at $572.89 on Friday. The business has a fifty day simple moving average of $577.13 and a 200 day simple moving average of $578.87. The firm has a market capitalization of $24.78 billion, a price-to-earnings ratio of 81.84, a PEG ratio of 4.46 and a beta of 0.85. Tyler Technologies, Inc. has a one year low of $513.52 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.78 by $0.13. The business had revenue of $584.01 million for the quarter, compared to analyst estimates of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%. Tyler Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.40 EPS. On average, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TYL. Barclays boosted their price objective on shares of Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Wells Fargo & Company lowered their price objective on shares of Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. DA Davidson set a $585.00 price objective on shares of Tyler Technologies and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Cantor Fitzgerald started coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They issued a “neutral” rating and a $600.00 price objective on the stock. Finally, Robert W. Baird lowered their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $688.27.

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.