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

Flagship Harbor Advisors LLC lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 20.4% in the second quarter, HoldingsChannel reports. The fund 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 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in TYL. Jones Financial Companies Lllp boosted its position in Tyler Technologies by 17,308.3% during the 1st quarter. Jones Financial Companies Lllp now owns 227,875 shares of the technology company’s stock worth $132,484,000 after acquiring an additional 226,566 shares during the period. Vanguard Group Inc. boosted 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 during the period. Nuveen LLC acquired a new position in Tyler Technologies during the 1st quarter worth $57,108,000. TCW Group Inc. lifted its holdings in shares of Tyler Technologies by 144.0% in the first quarter. TCW Group Inc. now owns 152,775 shares of the technology company’s stock valued at $88,822,000 after buying an additional 90,172 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Tyler Technologies by 17.2% in the first quarter. Goldman Sachs Group Inc. now owns 428,304 shares of the technology company’s stock valued at $249,012,000 after buying an additional 62,889 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TYL. DA Davidson cut their price objective on Tyler Technologies from $560.00 to $540.00 and set a “neutral” rating for the company in a report on Friday. Barclays upped their price objective on Tyler Technologies from $695.00 to $715.00 and gave the company 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 issued a $600.00 price objective on shares of Tyler Technologies in a report on Thursday. Finally, Robert W. Baird set a $660.00 price objective on Tyler Technologies in a report on Friday. Nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $660.09.

Insider Activity at Tyler Technologies

In related news, 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 transaction of $2,361,002.50. Following the transaction, the insider directly 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company’s stock in a transaction on Monday, August 11th. The shares were sold at an average price of $588.89, for a total value of $3,091,672.50. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 14,250 shares of company stock valued at $8,099,000. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Stock Down 0.2%

Shares of NYSE TYL opened at $476.98 on Friday. Tyler Technologies, Inc. has a 12 month low of $450.00 and a 12 month high of $661.31. The company has a market cap of $20.63 billion, a price-to-earnings ratio of 66.34, a P/E/G ratio of 3.67 and a beta of 0.89. The business has a fifty day simple moving average of $525.11 and a 200-day simple moving average of $554.55.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, July 30th. The technology company reported $2.91 EPS for the quarter, beating the consensus estimate 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%.Tyler Technologies’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.40 earnings per share. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.