Tyler Technologies, Inc. (NYSE:TYL) Holdings Trimmed by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 15.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,503 shares of the technology company’s stock after selling 284 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in Tyler Technologies were worth $628,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Clear Street Markets LLC increased its stake in Tyler Technologies by 95.2% in the 1st quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock worth $29,000 after purchasing an additional 40 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Tyler Technologies in the 3rd quarter worth about $48,000. Cornerstone Planning Group LLC purchased a new position in Tyler Technologies in the 2nd quarter worth about $49,000. Chilton Capital Management LLC purchased a new position in Tyler Technologies in the 4th quarter worth about $52,000. Finally, Column Capital Advisors LLC increased its stake in Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Piper Sandler raised their price objective on Tyler Technologies from $480.00 to $520.00 and gave the stock an “overweight” rating in a research report on Friday, February 16th. DA Davidson lifted their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. JMP Securities reiterated a “market outperform” rating and set a $490.00 price target on shares of Tyler Technologies in a report on Friday, February 16th. Needham & Company LLC boosted their target price on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, JPMorgan Chase & Co. boosted their target price on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $457.86.

Tyler Technologies Stock Performance

NYSE TYL traded down $12.68 during trading on Monday, hitting $400.68. The company’s stock had a trading volume of 172,017 shares, compared to its average volume of 203,861. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. The firm has a 50 day moving average price of $426.13 and a 200 day moving average price of $413.55. The firm has a market cap of $17.00 billion, a P/E ratio of 103.00, a price-to-earnings-growth ratio of 4.07 and a beta of 0.81. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $454.74.

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

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,639,250. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO H Lynn Moore, Jr. sold 1,849 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the sale, the chief executive officer now directly owns 79,502 shares in the company, valued at $33,485,447.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at $32,639,250. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock valued at $21,974,819 in the last three months. Company insiders own 1.50% of the company’s stock.

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.