Clear Harbor Asset Management LLC Sells 855 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Clear Harbor Asset Management LLC reduced its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 9.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,985 shares of the technology company's stock after selling 855 shares during the period. Clear Harbor Asset Management LLC's holdings in Tyler Technologies were worth $4,661,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Tyler Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company's stock worth $2,134,423,000 after purchasing an additional 53,005 shares in the last quarter. APG Asset Management N.V. increased its stake in shares of Tyler Technologies by 1.4% in 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 during the last quarter. Van ECK Associates Corp raised its stake in shares of Tyler Technologies by 6.3% during the 1st quarter. Van ECK Associates Corp now owns 922,942 shares of the technology company's stock worth $392,259,000 after purchasing an additional 54,926 shares in the last quarter. Janus Henderson Group PLC raised its position in Tyler Technologies by 15.3% during the first quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company's stock valued at $226,501,000 after acquiring an additional 70,801 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Tyler Technologies during the 2nd quarter valued at $251,390,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, Director Daniel M. Pope sold 275 shares of the company's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $578.26, for a total transaction of $159,021.50. Following the completion of the transaction, the director now owns 3,218 shares of the company's stock, valued at $1,860,840.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Daniel M. Pope sold 275 shares of the business's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $578.26, for a total value of $159,021.50. Following the sale, the director now owns 3,218 shares of the company's stock, valued at $1,860,840.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at approximately $43,246,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,375 shares of company stock valued at $17,049,739. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TYL shares. Evercore ISI upgraded Tyler Technologies to a "hold" rating in a report on Friday, July 26th. Oppenheimer upped their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday. Barclays raised their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research note on Friday. Piper Sandler boosted their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Wells Fargo & Company upped their target price on shares of Tyler Technologies from $580.00 to $600.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $642.62.

Tyler Technologies Stock Down 0.9 %

NYSE TYL traded down $5.81 during trading hours on Friday, reaching $605.86. 238,251 shares of the company's stock were exchanged, compared to its average volume of 228,208. The company's 50-day moving average is $584.88 and its two-hundred day moving average is $528.21. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $631.43. The company has a market capitalization of $25.72 billion, a price-to-earnings ratio of 137.07, a price-to-earnings-growth ratio of 5.42 and a beta of 0.78.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 9.66% and a net margin of 10.24%. The company's revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.66 EPS. On average, analysts forecast that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

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.