Tyler Technologies, Inc. $TYL Stock Position Decreased by Versor Investments LP

Versor Investments LP trimmed its stake in Tyler Technologies, Inc. (NYSE:TYL) by 26.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,298 shares of the technology company’s stock after selling 478 shares during the period. Versor Investments LP’s holdings in Tyler Technologies were worth $770,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in TYL. Mowery & Schoenfeld Wealth Management LLC raised its stake in shares of Tyler Technologies by 820.0% in the 1st 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 in the last quarter. Generali Asset Management SPA SGR bought a new position in shares of Tyler Technologies in the 2nd quarter valued at approximately $30,000. Cornerstone Planning Group LLC raised its stake in shares of Tyler Technologies by 221.1% in the 1st 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 in the last quarter. Zions Bancorporation National Association UT bought a new position in shares of Tyler Technologies in the 1st quarter valued at approximately $38,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies in the 1st quarter valued at approximately $38,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Down 1.8%

Shares of NYSE:TYL opened at $467.60 on Tuesday. Tyler Technologies, Inc. has a 1-year low of $450.00 and a 1-year high of $661.31. The firm has a market capitalization of $20.12 billion, a PE ratio of 65.03, a PEG ratio of 3.67 and a beta of 0.89. The business’s 50 day moving average is $523.37 and its 200-day moving average is $553.72.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TYL shares. Barclays raised their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Oppenheimer reaffirmed an “outperform” rating and issued a $600.00 target price on shares of Tyler Technologies in a report on Thursday. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a report on Wednesday, October 8th. Robert W. Baird set a $660.00 target price on Tyler Technologies in a report on Friday. Finally, Evercore ISI reaffirmed a “positive” rating on shares of Tyler Technologies in a report on Friday. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $660.09.

Insider Transactions at Tyler Technologies

In other news, Director Glenn A. Carter sold 750 shares of Tyler Technologies stock in a transaction that occurred 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 sale, the director owned 3,172 shares of the company’s stock, valued at approximately $1,707,487.60. This trade represents a 19.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $588.89, for a total value of $3,091,672.50. Following the sale, the chief executive officer directly owned 81,775 shares in the company, valued at $48,156,479.75. The trade was a 6.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 14,250 shares of company stock valued at $8,099,000. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies 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.