Kornitzer Capital Management Inc. KS Lowers Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Kornitzer Capital Management Inc. KS decreased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,489 shares of the technology company's stock after selling 8,109 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Tyler Technologies were worth $10,661,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after buying an additional 21 shares during the last quarter. Baron Wealth Management LLC increased its holdings in shares of Tyler Technologies by 1.5% in the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock worth $857,000 after buying an additional 22 shares during the last quarter. Choreo LLC increased its holdings in shares of Tyler Technologies by 3.9% in the 4th quarter. Choreo LLC now owns 647 shares of the technology company's stock worth $374,000 after buying an additional 24 shares during the last quarter. Oak Ridge Investments LLC increased its holdings in shares of Tyler Technologies by 0.8% in the 4th quarter. Oak Ridge Investments LLC now owns 3,011 shares of the technology company's stock worth $1,736,000 after buying an additional 25 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Tyler Technologies by 9.0% in the 4th quarter. Mather Group LLC. now owns 315 shares of the technology company's stock worth $182,000 after buying an additional 26 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TYL. Robert W. Baird increased their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Needham & Company LLC reissued a "buy" rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. DA Davidson reissued a "neutral" rating and issued a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Finally, Truist Financial reissued a "buy" rating and issued a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $676.25.

Tyler Technologies Trading Down 2.6 %

NYSE TYL traded down $16.56 on Thursday, hitting $628.12. The company's stock had a trading volume of 249,171 shares, compared to its average volume of 245,045. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company's 50-day simple moving average is $597.45 and its 200 day simple moving average is $596.01. The firm has a market cap of $26.88 billion, a P/E ratio of 103.65, a PEG ratio of 5.01 and a beta of 0.78.

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

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 12,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,502 shares of company stock worth $18,941,368. 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.