Norris Perne & French LLP MI Sells 1,033 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Norris Perne & French LLP MI lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,369 shares of the technology company's stock after selling 1,033 shares during the quarter. Norris Perne & French LLP MI's holdings in Tyler Technologies were worth $11,890,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independence Bank of Kentucky bought a new stake in shares of Tyler Technologies during the 2nd quarter worth about $25,000. Covestor Ltd grew its position in shares of Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company's stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Blue Trust Inc. increased its stake in shares of 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 period. Lynx Investment Advisory acquired a new stake in Tyler Technologies during the 2nd quarter worth approximately $38,000. Finally, Larson Financial Group LLC boosted its stake in Tyler Technologies by 675.0% in the 1st 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 period. Institutional investors own 93.30% of the company's stock.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 12th. The stock was 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 directly owns 75,000 shares of the company's stock, valued at $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 available through the SEC website. Also, Director Glenn A. Carter sold 3,350 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the sale, the director now directly owns 2,654 shares of the company's stock, valued at $1,546,140.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,100 shares of company stock valued at $16,890,717 in the last ninety days. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded down $2.98 during midday trading on Friday, hitting $602.61. 238,961 shares of the company traded hands, compared to its average volume of 228,654. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a 12 month low of $378.56 and a 12 month high of $631.43. The stock has a market cap of $25.79 billion, a price-to-earnings ratio of 110.84, a PEG ratio of 5.55 and a beta of 0.78. The firm's fifty day moving average price is $587.48 and its 200-day moving average price is $532.08.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $1.66 earnings per share. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Piper Sandler upped their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Evercore ISI upgraded shares of Tyler Technologies to a "hold" rating in a research report on Friday, July 26th. The Goldman Sachs Group reissued a "buy" rating and set a $627.00 price target on shares of Tyler Technologies in a research report on Friday, September 13th. Oppenheimer raised their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Finally, JMP Securities upped their target price on Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $642.62.

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.