Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 11.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,598 shares of the technology company's stock after selling 3,545 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.06% of Tyler Technologies worth $15,526,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Independence Bank of Kentucky acquired a new position in Tyler Technologies during the second quarter worth about $25,000. Covestor Ltd increased its stake in Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company's stock valued at $30,000 after purchasing an additional 43 shares in the last quarter. Blue Trust Inc. raised its holdings in Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock worth $37,000 after purchasing an additional 56 shares during the last quarter. Lynx Investment Advisory purchased a new stake in Tyler Technologies during the second quarter worth $38,000. Finally, Larson Financial Group LLC grew its holdings in Tyler Technologies by 675.0% in the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company's stock valued at $40,000 after purchasing an additional 81 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Trading Up 2.0 %

TYL traded up $12.15 during midday trading on Thursday, hitting $615.35. The company's stock had a trading volume of 266,235 shares, compared to its average volume of 228,905. The firm has a market cap of $26.34 billion, a P/E ratio of 110.07, a PEG ratio of 5.42 and a beta of 0.77. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $631.43. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $589.67 and a two-hundred day moving average price of $538.62.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.66 earnings per share. On average, research analysts anticipate that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,246,500. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the sale, the chief financial officer now owns 11,950 shares of the company's stock, valued at approximately $7,014,291.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,850 shares of company stock valued at $12,151,735. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on TYL shares. The Goldman Sachs Group reaffirmed a "buy" rating and set a $627.00 price target on shares of Tyler Technologies in a research note on Friday, September 13th. Robert W. Baird upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Evercore ISI upgraded shares of Tyler Technologies to a "hold" rating in a research report on Friday, July 26th. JMP Securities lifted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a research report on Friday, October 25th. Finally, Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $642.62.

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.