Arkadios Wealth Advisors Sells 199 Shares of Tyler Technologies, Inc. $TYL

Arkadios Wealth Advisors cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,305 shares of the technology company’s stock after selling 199 shares during the period. Arkadios Wealth Advisors’ holdings in Tyler Technologies were worth $1,959,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Mowery & Schoenfeld Wealth Management LLC raised its position 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 worth $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 worth about $30,000. Cornerstone Planning Group LLC raised its position 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 worth $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 worth about $38,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Tyler Technologies in the 1st quarter worth about $38,000. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of Tyler Technologies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $588.89, for a total transaction of $3,091,672.50. Following the completion of the transaction, the chief executive officer owned 81,775 shares in the company, valued at approximately $48,156,479.75. The trade was a 6.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 4,250 shares of Tyler Technologies stock in a transaction dated Thursday, August 28th. The shares were 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 $3,879,265.99. This trade represents a 37.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,250 shares of company stock worth $8,099,000. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TYL. DA Davidson lowered their price objective on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tyler Technologies in a research report on Tuesday, October 14th. UBS Group reaffirmed an “overweight” rating on shares of Tyler Technologies in a research report on Wednesday, October 8th. Barclays boosted their target price on Tyler Technologies from $695.00 to $715.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Evercore ISI reaffirmed a “positive” rating on shares of Tyler Technologies in a research report on Friday. Nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $660.09.

Tyler Technologies Stock Performance

TYL stock opened at $476.98 on Friday. The company has a market capitalization of $20.63 billion, a P/E ratio of 66.34, a price-to-earnings-growth ratio of 3.67 and a beta of 0.89. Tyler Technologies, Inc. has a 52-week low of $450.00 and a 52-week high of $661.31. The business has a 50-day simple moving average of $525.11 and a two-hundred day simple moving average of $554.71.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) 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 company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.40 EPS. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.