Envestnet Portfolio Solutions Inc. Sells 976 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Envestnet Portfolio Solutions Inc. lowered its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 18.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,193 shares of the technology company's stock after selling 976 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Tyler Technologies were worth $2,418,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TYL. Natixis Advisors LLC boosted its position in shares of Tyler Technologies by 2.4% in the fourth quarter. Natixis Advisors LLC now owns 40,026 shares of the technology company's stock valued at $23,080,000 after acquiring an additional 937 shares during the period. Frank Rimerman Advisors LLC grew its position in shares of Tyler Technologies by 121.1% during the 4th quarter. Frank Rimerman Advisors LLC now owns 860 shares of the technology company's stock worth $496,000 after purchasing an additional 471 shares in the last quarter. Postrock Partners LLC bought a new position in shares of Tyler Technologies during the fourth quarter worth approximately $363,000. Commonwealth Equity Services LLC raised its position in shares of Tyler Technologies by 37.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,968 shares of the technology company's stock valued at $6,901,000 after buying an additional 3,241 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Tyler Technologies by 3.7% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 67,928 shares of the technology company's stock valued at $39,333,000 after buying an additional 2,420 shares during the period. 93.30% of the stock is owned by institutional investors.

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Tyler Technologies Trading Up 1.1 %

Shares of TYL stock traded up $6.50 during mid-day trading on Tuesday, reaching $580.89. 175,786 shares of the stock traded hands, compared to its average volume of 240,957. The stock's fifty day simple moving average is $599.16 and its two-hundred day simple moving average is $597.96. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a market cap of $25.04 billion, a price-to-earnings ratio of 95.86, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Ratings Changes

TYL has been the topic of a number of recent research reports. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. The Goldman Sachs Group raised their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. DA Davidson reissued a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Barclays boosted their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the sale, the chief financial officer now owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is currently owned by company insiders.

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.