Thrivent Financial for Lutherans Has $18.49 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Thrivent Financial for Lutherans raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,059 shares of the technology company's stock after purchasing an additional 1,870 shares during the period. Thrivent Financial for Lutherans owned 0.07% of Tyler Technologies worth $18,486,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TYL. Larson Financial Group LLC increased its stake in shares of Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after purchasing an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Tyler Technologies during the 4th quarter valued at about $32,000. OFI Invest Asset Management bought a new position in shares of Tyler Technologies in the 4th quarter valued at approximately $41,000. Smithfield Trust Co boosted its position in Tyler Technologies by 55.6% during the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock worth $48,000 after purchasing an additional 30 shares during the period. Finally, Private Trust Co. NA boosted its holdings in shares of Tyler Technologies by 51.8% during the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock worth $49,000 after buying an additional 29 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock valued at $8,688,030 over the last quarter. Corporate insiders own 2.20% of the company's stock.

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Analyst Ratings Changes

A number of research firms have weighed in on TYL. Truist Financial restated a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson reiterated a "neutral" rating and set a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. The Goldman Sachs Group upped their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Piper Sandler lifted their target price on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $676.25.

Tyler Technologies Price Performance

Shares of TYL stock traded down $2.77 during trading hours on Wednesday, hitting $577.53. 206,007 shares of the company's stock were exchanged, compared to its average volume of 240,785. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The stock has a market cap of $24.89 billion, a price-to-earnings ratio of 95.30, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The stock's 50-day moving average is $599.38 and its 200-day moving average is $597.96.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current 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.