Latitude Advisors LLC Sells 1,500 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Latitude Advisors LLC cut its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 13.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,830 shares of the technology company's stock after selling 1,500 shares during the period. Tyler Technologies accounts for 3.2% of Latitude Advisors LLC's holdings, making the stock its 4th largest position. Latitude Advisors LLC's holdings in Tyler Technologies were worth $5,738,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Waldron Private Wealth LLC lifted its stake in Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company's stock worth $360,000 after purchasing an additional 24 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company's stock worth $295,000 after buying an additional 29 shares during the last quarter. George Kaiser Family Foundation grew its holdings in Tyler Technologies by 0.7% in the 2nd quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company's stock valued at $2,100,000 after buying an additional 29 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Tyler Technologies by 2.4% in the 3rd quarter. UMB Bank n.a. now owns 1,354 shares of the technology company's stock worth $790,000 after acquiring an additional 32 shares during the last quarter. Finally, Torray Investment Partners LLC raised its holdings in shares of Tyler Technologies by 0.3% during the 2nd quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company's stock worth $5,536,000 after acquiring an additional 33 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TYL has been the subject of a number of analyst reports. Robert W. Baird upped their price objective 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. Needham & Company LLC increased their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. DA Davidson lifted their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Wells Fargo & Company increased their price objective on Tyler Technologies from $580.00 to $600.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Finally, Barclays lifted their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $642.62.

Insider Buying and Selling

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 shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the chief executive officer now owns 75,000 shares of the company's stock, valued at $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm's stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total value of $3,603,062.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,236,750. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,100 shares of company stock worth $16,890,717. Company insiders own 2.20% of the company's stock.

Tyler Technologies Stock Down 0.5 %

TYL traded down $2.84 during trading hours on Friday, hitting $602.75. 238,961 shares of the company's stock were exchanged, compared to its average volume of 248,112. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12-month low of $378.56 and a 12-month high of $631.43. The firm has a market cap of $25.80 billion, a P/E ratio of 109.99, a price-to-earnings-growth ratio of 5.46 and a beta of 0.77. The firm has a 50 day moving average of $588.09 and a 200 day moving average of $534.42.

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, 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 during the quarter, compared to analyst estimates of $547.34 million. During the same period last year, the business posted $1.66 earnings per share. Tyler Technologies's revenue was up 9.8% compared to the same quarter last year. Analysts predict that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

About Tyler Technologies

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.