Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by R Squared Ltd

R Squared Ltd lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 25.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 750 shares of the technology company’s stock after selling 260 shares during the period. R Squared Ltd’s holdings in Tyler Technologies were worth $436,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Retirement Wealth Solutions LLC acquired a new stake in shares of Tyler Technologies during the first quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of Tyler Technologies by 820.0% during the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company’s stock valued at $27,000 after acquiring an additional 41 shares during the last quarter. Cornerstone Planning Group LLC boosted its stake in shares of Tyler Technologies by 221.1% during the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company’s stock valued at $35,000 after acquiring an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at $40,000. Finally, Whipplewood Advisors LLC boosted its stake in shares of Tyler Technologies by 255.0% during the first quarter. Whipplewood Advisors LLC now owns 71 shares of the technology company’s stock valued at $41,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Cantor Fitzgerald assumed coverage on Tyler Technologies in a research note on Tuesday, June 3rd. They set a “neutral” rating and a $600.00 price objective on the stock. Robert W. Baird decreased their price target on Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Barclays raised their price target on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a research note on Thursday. Wall Street Zen lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. Finally, DA Davidson decreased their price target 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. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $686.91.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $583.89 on Friday. The stock’s 50-day moving average is $573.84 and its 200-day moving average is $578.39. The company has a market cap of $25.18 billion, a price-to-earnings ratio of 83.41, a price-to-earnings-growth ratio of 4.56 and a beta of 0.84. Tyler Technologies, Inc. has a 12 month low of $513.52 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.78 by $0.13. The company had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a return on equity of 10.34% and a net margin of 13.66%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $2.40 EPS. Research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 3,333 shares of the firm’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $568.46, for a total value of $1,894,677.18. Following the transaction, the chief financial officer directly owned 11,231 shares in the company, valued at $6,384,374.26. This trade represents a 22.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Brenda A. Cline sold 2,500 shares of the firm’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $577.41, for a total value of $1,443,525.00. Following the completion of the transaction, the director owned 2,519 shares in the company, valued at approximately $1,454,495.79. This trade represents a 49.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,135 shares of company stock valued at $14,976,480. 1.10% of the stock is owned by company insiders.

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.