Janney Montgomery Scott LLC Sells 20 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Janney Montgomery Scott LLC trimmed its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,674 shares of the technology company’s stock after selling 20 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Tyler Technologies were worth $6,155,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TYL. Geode Capital Management LLC raised its stake in Tyler Technologies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock valued at $645,585,000 after purchasing an additional 24,284 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Tyler Technologies by 2.0% during the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock valued at $547,354,000 after buying an additional 17,943 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Tyler Technologies by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock valued at $527,785,000 after buying an additional 36,066 shares during the period. JPMorgan Chase & Co. grew its position in Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after buying an additional 275,511 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after acquiring an additional 307,498 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Trading Up 2.1 %

Shares of TYL opened at $620.30 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56. The firm has a 50 day moving average price of $598.46 and a 200-day moving average price of $588.08. The firm has a market cap of $26.55 billion, a price-to-earnings ratio of 113.19, a PEG ratio of 4.55 and a beta of 0.78.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,461,699.50. This represents a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,252 shares of company stock worth $26,096,928 over the last ninety days. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. DA Davidson lifted their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Truist Financial restated a “buy” rating and issued a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. JMP Securities lifted their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. Finally, Barclays increased their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $643.77.

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.