Captrust Financial Advisors Sells 1,276 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Captrust Financial Advisors decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 22.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,399 shares of the technology company's stock after selling 1,276 shares during the period. Captrust Financial Advisors' holdings in Tyler Technologies were worth $2,568,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. APG Asset Management N.V. raised its holdings in shares of Tyler Technologies by 1.4% during the second quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company's stock worth $706,994,000 after acquiring an additional 20,842 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Tyler Technologies by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock worth $527,785,000 after purchasing an additional 36,066 shares in the last quarter. Swedbank AB purchased a new stake in shares of Tyler Technologies during the 2nd quarter worth about $251,390,000. International Assets Investment Management LLC lifted its holdings in shares of Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock valued at $179,564,000 after buying an additional 307,498 shares during the last quarter. Finally, EULAV Asset Management grew its stake in shares of Tyler Technologies by 3.0% in the 3rd quarter. EULAV Asset Management now owns 228,984 shares of the technology company's stock valued at $133,663,000 after buying an additional 6,601 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group reiterated a "buy" rating and issued a $627.00 target price on shares of Tyler Technologies in a research note on Friday, September 13th. DA Davidson lifted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Robert W. Baird increased their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Piper Sandler boosted their price target on Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Finally, Oppenheimer upped their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $642.62.

Tyler Technologies Stock Performance

Shares of TYL stock traded down $7.58 during trading hours on Friday, reaching $623.15. 196,958 shares of the company's stock were exchanged, compared to its average volume of 234,515. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $26.67 billion, a P/E ratio of 113.71, a P/E/G ratio of 5.64 and a beta of 0.76. The business has a fifty day moving average price of $604.80 and a 200-day moving average price of $561.11.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analysts' expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 EPS. Analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 3,250 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $47,355,750. This represents a 4.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the sale, the chief financial officer now owns 12,198 shares in the company, valued at approximately $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,500 shares of company stock worth $27,790,888. Company insiders own 2.20% of the company's stock.

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.