Torray Investment Partners LLC Sells 628 Shares of Tyler Technologies, Inc. $TYL

Torray Investment Partners LLC trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,012 shares of the technology company’s stock after selling 628 shares during the period. Torray Investment Partners LLC’s holdings in Tyler Technologies were worth $5,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TYL. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock worth $27,000 after buying an additional 41 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Tyler Technologies during the second quarter valued at approximately $30,000. Cornerstone Planning Group LLC grew its holdings in Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock valued at $35,000 after purchasing an additional 42 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Tyler Technologies during the first quarter worth $38,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies during the first quarter worth $38,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Down 0.2%

Tyler Technologies stock opened at $476.98 on Monday. Tyler Technologies, Inc. has a twelve month low of $450.00 and a twelve month high of $661.31. The company has a 50 day moving average of $525.11 and a 200-day moving average of $554.44. The stock has a market capitalization of $20.52 billion, a PE ratio of 66.34, a price-to-earnings-growth ratio of 3.67 and a beta of 0.89.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of Tyler Technologies stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $560.65, for a total value of $2,242,600.00. Following the sale, the insider directly owned 6,983 shares in the company, valued at approximately $3,915,018.95. The trade was a 36.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction on Monday, September 15th. The shares were sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the sale, the director owned 3,172 shares in the company, valued at $1,707,487.60. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 14,250 shares of company stock worth $8,099,000. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of recent analyst reports. DA Davidson reduced their price target on shares of Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating on the stock in a research report on Friday. Evercore ISI reissued a “positive” rating on shares of Tyler Technologies in a research report on Friday. UBS Group reissued an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Oppenheimer reissued an “outperform” rating and set a $600.00 price target on shares of Tyler Technologies in a research report on Thursday. Finally, Barclays upped their price target on shares of Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $660.09.

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.