Curi RMB Capital LLC Reduces Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Curi RMB Capital LLC cut its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,795 shares of the technology company's stock after selling 2,440 shares during the quarter. Tyler Technologies comprises about 1.4% of Curi RMB Capital LLC's holdings, making the stock its 10th largest position. Curi RMB Capital LLC owned about 0.24% of Tyler Technologies worth $61,171,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in TYL. Waldron Private Wealth LLC boosted its holdings in Tyler Technologies by 3.5% in the 2nd quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company's stock valued at $360,000 after purchasing an additional 24 shares during the period. Industrial Alliance Investment Management Inc. grew its position 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 in the last quarter. George Kaiser Family Foundation increased its stake 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 worth $2,100,000 after acquiring an additional 29 shares during the last quarter. UMB Bank n.a. raised its holdings 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 valued at $790,000 after acquiring an additional 32 shares in the last quarter. Finally, Torray Investment Partners LLC grew its holdings in shares of Tyler Technologies by 0.3% during the second quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company's stock worth $5,536,000 after purchasing an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Down 0.4 %

Shares of NYSE TYL traded down $2.59 during trading hours on Thursday, hitting $614.28. The company's stock had a trading volume of 233,635 shares, compared to its average volume of 229,728. The business has a 50-day simple moving average of $592.85 and a 200-day simple moving average of $545.06. The stock has a market cap of $26.29 billion, a price-to-earnings ratio of 112.50, a P/E/G ratio of 5.59 and a beta of 0.77. 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 $397.80 and a 12 month high of $631.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $547.34 million. During the same period in the previous year, the firm earned $1.66 earnings per share. The business's revenue was up 9.8% compared to the same quarter last year. On average, analysts anticipate that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TYL. StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday. DA Davidson increased their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Robert W. Baird upped their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. BTIG Research raised their price objective on Tyler Technologies from $550.00 to $630.00 and gave the company a "buy" rating in a report on Friday, July 26th. Finally, Wells Fargo & Company boosted their target price on Tyler Technologies from $580.00 to $600.00 and gave the stock 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 given a buy rating to the stock. According to MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $642.62.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 5,000 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now owns 6,983 shares of the company's stock, valued at $4,042,738.02. The trade was a 41.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the transaction, the chief financial officer now directly owns 11,950 shares of the company's stock, valued at $7,461,699.50. This represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,600 shares of company stock valued at $19,307,295. Company insiders own 2.20% 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.