Tidal Investments LLC Decreases Stake in Tyler Technologies, Inc. (NYSE:TYL)

Tidal Investments LLC lowered its stake in Tyler Technologies, Inc. (NYSE:TYL) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,392 shares of the technology company’s stock after selling 20 shares during the quarter. Tidal Investments LLC’s holdings in Tyler Technologies were worth $1,379,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Barclays PLC raised its holdings in Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company’s stock valued at $51,543,000 after buying an additional 2,169 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after acquiring an additional 275,511 shares during the period. Merit Financial Group LLC bought a new position in shares of Tyler Technologies during the fourth quarter valued at about $305,000. SG Americas Securities LLC boosted its holdings in shares of Tyler Technologies by 19.9% during the fourth quarter. SG Americas Securities LLC now owns 1,460 shares of the technology company’s stock worth $842,000 after purchasing an additional 242 shares during the period. Finally, Blue Trust Inc. boosted its holdings in shares of Tyler Technologies by 14.4% during the fourth quarter. Blue Trust Inc. now owns 445 shares of the technology company’s stock worth $260,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.0%

NYSE:TYL opened at $567.24 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm’s 50-day moving average price is $561.52 and its 200-day moving average price is $588.38. The company has a market capitalization of $24.46 billion, a PE ratio of 93.60, a P/E/G ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. During the same quarter in the previous year, the firm posted $2.20 earnings per share. Tyler Technologies’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TYL. Wall Street Zen downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. DA Davidson reduced their target price on Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Barclays decreased their target price on Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating for the company in a report on Friday, April 25th. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Piper Sandler decreased their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $687.82.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. The trade was a 46.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel M. Pope sold 365 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total value of $200,750.00. Following the transaction, the director now owns 2,853 shares of the company’s stock, valued at $1,569,150. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,962 shares of company stock worth $13,702,451 in the last 90 days. Insiders own 1.10% of the company’s stock.

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.