HighTower Advisors LLC Has $2.92 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

HighTower Advisors LLC lessened its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 23.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,973 shares of the technology company's stock after selling 1,532 shares during the quarter. HighTower Advisors LLC's holdings in Tyler Technologies were worth $2,923,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. APG Asset Management N.V. increased its holdings in shares of Tyler Technologies by 1.4% in the 2nd quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company's stock valued at $706,994,000 after purchasing an additional 20,842 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Tyler Technologies by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock worth $527,785,000 after buying an additional 36,066 shares during the last quarter. International Assets Investment Management LLC lifted its position in 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 worth $179,564,000 after acquiring an additional 307,498 shares during the last quarter. EULAV Asset Management increased its stake in shares of Tyler Technologies by 3.0% in the third quarter. EULAV Asset Management now owns 228,984 shares of the technology company's stock worth $133,663,000 after purchasing an additional 6,601 shares during the period. Finally, Geneva Capital Management LLC lifted its position in shares of Tyler Technologies by 1.0% during the 3rd quarter. Geneva Capital Management LLC now owns 226,458 shares of the technology company's stock worth $132,188,000 after purchasing an additional 2,252 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TYL shares. Barclays raised their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Oppenheimer upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. JMP Securities increased their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a report on Friday, October 25th. DA Davidson boosted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Finally, Robert W. Baird increased their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company 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 assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $642.62.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 3,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,202,504. This represents a 20.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at $45,436,500. The trade was a 7.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,500 shares of company stock valued at $21,952,888 in the last ninety days. Insiders own 2.20% of the company's stock.

Tyler Technologies Price Performance

Shares of TYL traded down $17.12 during mid-day trading on Friday, reaching $611.12. The company had a trading volume of 199,967 shares, compared to its average volume of 235,167. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $26.16 billion, a P/E ratio of 111.52, a P/E/G ratio of 5.66 and a beta of 0.76. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56. The company's 50-day moving average is $608.72 and its 200-day moving average is $565.52.

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