Tyler Technologies, Inc. $TYL Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 20.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 574 shares of the technology company’s stock after selling 147 shares during the period. Flagship Harbor Advisors LLC’s holdings in Tyler Technologies were worth $340,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Tyler Technologies by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 5,459,163 shares of the technology company’s stock worth $3,173,903,000 after acquiring an additional 148,762 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Tyler Technologies by 6.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company’s stock worth $580,766,000 after purchasing an additional 59,554 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Tyler Technologies by 3.1% during the 1st quarter. JPMorgan Chase & Co. now owns 480,085 shares of the technology company’s stock worth $279,117,000 after purchasing an additional 14,219 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Tyler Technologies by 17.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock worth $249,012,000 after purchasing an additional 62,889 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in Tyler Technologies by 0.9% during the 2nd quarter. Blair William & Co. IL now owns 424,768 shares of the technology company’s stock worth $251,819,000 after purchasing an additional 3,894 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Trading Down 0.2%

Shares of NYSE TYL opened at $476.98 on Friday. Tyler Technologies, Inc. has a twelve month low of $450.00 and a twelve month high of $661.31. The company has a market capitalization of $20.63 billion, a price-to-earnings ratio of 66.34, a price-to-earnings-growth ratio of 3.67 and a beta of 0.89. The business has a 50 day simple moving average of $525.11 and a 200-day simple moving average of $554.55.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.78 by $0.13. The business had revenue of $584.01 million during the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a return on equity of 10.64% and a net margin of 13.72%.The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.40 EPS. As a group, equities analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Glenn A. Carter sold 750 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $538.30, for a total transaction of $403,725.00. Following the completion of the transaction, the director directly owned 3,172 shares in the company, valued at $1,707,487.60. This represents a 19.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 4,250 shares of the company’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $555.53, for a total value of $2,361,002.50. Following the transaction, the insider owned 6,983 shares of the company’s stock, valued at approximately $3,879,265.99. The trade was a 37.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,250 shares of company stock worth $8,099,000 in the last three months. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on TYL. Barclays lifted their price objective on Tyler Technologies from $695.00 to $715.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Evercore ISI restated a “positive” rating on shares of Tyler Technologies in a report on Friday. Oppenheimer restated an “outperform” rating and set a $600.00 price objective on shares of Tyler Technologies in a report on Thursday. UBS Group restated an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Finally, DA Davidson lowered their price target on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a report on Friday. Nine analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $660.09.

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.