Stifel Financial Corp Decreases Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Stifel Financial Corp lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,213 shares of the technology company's stock after selling 1,686 shares during the quarter. Stifel Financial Corp owned 0.07% of Tyler Technologies worth $17,052,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in TYL. Quadrature Capital Ltd acquired a new stake in shares of Tyler Technologies in the 3rd quarter worth approximately $494,000. Quantinno Capital Management LP boosted its position in Tyler Technologies by 40.8% during the third quarter. Quantinno Capital Management LP now owns 1,378 shares of the technology company's stock worth $804,000 after purchasing an additional 399 shares in the last quarter. Quarry LP acquired a new stake in Tyler Technologies in the third quarter valued at $78,000. Royal London Asset Management Ltd. increased its position in shares of Tyler Technologies by 2.8% in the third quarter. Royal London Asset Management Ltd. now owns 18,916 shares of the technology company's stock valued at $11,042,000 after buying an additional 512 shares in the last quarter. Finally, Reynders McVeigh Capital Management LLC raised its stake in shares of Tyler Technologies by 4.0% during the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 5,125 shares of the technology company's stock worth $2,992,000 after buying an additional 197 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on TYL shares. JMP Securities increased their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research note on Friday, October 25th. Oppenheimer increased their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Robert W. Baird lifted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. StockNews.com lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday. Finally, DA Davidson raised their price target on Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $642.62.

Tyler Technologies Trading Down 0.7 %

Shares of NYSE TYL traded down $4.33 on Tuesday, reaching $617.44. 293,950 shares of the company traded hands, compared to its average volume of 234,874. The company has a 50 day moving average of $605.56 and a 200 day moving average of $562.93. 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 fifty-two week low of $397.80 and a fifty-two week high of $638.56. The stock has a market capitalization of $26.43 billion, a PE ratio of 112.71, a P/E/G ratio of 5.64 and a beta of 0.76.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same quarter last year, the firm posted $1.66 earnings per share. Tyler Technologies's revenue was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the sale, the chief financial officer now owns 12,198 shares of the company's stock, valued at approximately $7,709,257.98. This represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,500 shares of company stock valued at $24,835,988. Company insiders own 1.50% of the company's stock.

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.