North Star Asset Management Inc. Cuts Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

North Star Asset Management Inc. decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,808 shares of the technology company’s stock after selling 176 shares during the quarter. North Star Asset Management Inc. owned 0.06% of Tyler Technologies worth $11,209,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TYL. Clear Street Markets LLC raised its position in Tyler Technologies by 95.2% in the 1st quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock valued at $29,000 after purchasing an additional 40 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Tyler Technologies in the fourth quarter valued at approximately $31,000. Lindbrook Capital LLC lifted its stake in Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after acquiring an additional 39 shares during the last quarter. Cornerstone Planning Group LLC acquired a new position in Tyler Technologies during the 2nd quarter worth approximately $49,000. Finally, Chilton Capital Management LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In other news, Director Glenn A. Carter sold 1,650 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the completion of the transaction, the director now directly owns 2,011 shares of the company’s stock, valued at approximately $880,496.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CFO Brian K. Miller sold 5,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the sale, the chief financial officer now owns 14,610 shares of the company’s stock, valued at $6,472,083.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Glenn A. Carter sold 1,650 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the transaction, the director now owns 2,011 shares in the company, valued at $880,496.24. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock worth $21,974,819 over the last 90 days. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. DA Davidson boosted their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. JMP Securities reissued a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th. Needham & Company LLC upped their target price on shares of Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Finally, Piper Sandler lifted their price target on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $460.46.

Tyler Technologies Stock Performance

Tyler Technologies stock traded up $0.40 during mid-day trading on Friday, reaching $403.35. 285,356 shares of the company were exchanged, compared to its average volume of 206,007. The firm’s 50-day simple moving average is $423.44 and its two-hundred day simple moving average is $414.07. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $454.74. The firm has a market cap of $17.12 billion, a PE ratio of 103.69, a price-to-earnings-growth ratio of 3.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.86.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. Equities analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

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.