Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 99.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,177 shares of the technology company's stock after selling 1,680,246 shares during the quarter. Verition Fund Management LLC's holdings in Tyler Technologies were worth $1,271,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Waldron Private Wealth LLC lifted its position in Tyler Technologies by 3.5% during the second quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company's stock worth $360,000 after buying an additional 24 shares in the last quarter. FWG Holdings LLC boosted its position in shares of Tyler Technologies by 3.1% during the 3rd quarter. FWG Holdings LLC now owns 910 shares of the technology company's stock valued at $551,000 after acquiring an additional 27 shares during the last quarter. George Kaiser Family Foundation increased its position in Tyler Technologies by 0.7% during the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company's stock worth $2,100,000 after purchasing an additional 29 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Tyler Technologies by 2.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company's stock worth $804,000 after purchasing an additional 31 shares during the period. Finally, UMB Bank n.a. grew 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 valued at $790,000 after buying an additional 32 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TYL has been the subject of several analyst reports. DA Davidson increased their price objective on Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Needham & Company LLC increased their price target on Tyler Technologies from $600.00 to $700.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. The Goldman Sachs Group restated a "buy" rating and issued a $627.00 price objective on shares of Tyler Technologies in a report on Friday, September 13th. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday. Finally, JMP Securities upped their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $642.62.

Tyler Technologies Stock Down 1.2 %

Shares of NYSE TYL traded down $7.58 during mid-day trading on Friday, reaching $623.15. The company had a trading volume of 196,958 shares, compared to its average volume of 286,578. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The stock has a market cap of $26.67 billion, a P/E ratio of 113.71, a PEG ratio of 5.76 and a beta of 0.76. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $604.80 and a two-hundred day simple moving average of $561.56.

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

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at approximately $43,246,500. This represents a 6.25 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company's stock, valued at approximately $7,461,699.50. This trade represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,500 shares of company stock worth $27,790,888. 2.20% of the stock is currently owned by insiders.

Tyler Technologies 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.