Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 48.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,820 shares of the technology company’s stock after selling 1,720 shares during the period. Everence Capital Management Inc.’s holdings in Tyler Technologies were worth $1,049,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Aigen Investment Management LP acquired a new position in Tyler Technologies in the third quarter valued at $1,309,000. Maiden Cove Capital LLC acquired a new position in shares of Tyler Technologies during the 3rd quarter valued at about $583,000. Assetmark Inc. lifted its holdings in shares of Tyler Technologies by 9.4% during the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock worth $5,785,000 after acquiring an additional 854 shares during the period. MBB Public Markets I LLC acquired a new stake in shares of Tyler Technologies in the second quarter worth approximately $1,564,000. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Tyler Technologies in the third quarter valued at approximately $569,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 3,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,202,504. The trade was a 20.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock valued at $26,096,928 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $584.17 on Friday. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56. The firm has a market cap of $25.00 billion, a price-to-earnings ratio of 106.60, a PEG ratio of 5.54 and a beta of 0.76. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $608.52 and a 200 day simple moving average of $577.41.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same period in the previous year, the company earned $1.66 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of research analyst reports. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Piper Sandler boosted their price target on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson raised their price objective on Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Oppenheimer boosted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Robert W. Baird raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $642.62.

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.