Worldquant Millennium Advisors LLC Has $1.04 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Worldquant Millennium Advisors LLC reduced its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 47.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,788 shares of the technology company's stock after selling 1,631 shares during the period. Worldquant Millennium Advisors LLC's holdings in Tyler Technologies were worth $1,044,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Independence Bank of Kentucky purchased a new position in shares of Tyler Technologies in the second quarter worth approximately $25,000. Ashton Thomas Securities LLC purchased a new position in shares of Tyler Technologies in the third quarter worth approximately $27,000. Blue Trust Inc. increased its position in shares of Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock worth $37,000 after acquiring an additional 56 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Tyler Technologies in the second quarter worth approximately $61,000. Finally, Tobam purchased a new position in shares of Tyler Technologies in the third quarter worth approximately $78,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

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 on Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at $44,323,500. This represents a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian K. Miller sold 3,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the transaction, the chief financial officer now owns 11,950 shares of the company's stock, valued at $7,202,504. The trade was a 20.07 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,500 shares of company stock valued at $27,790,888. Corporate insiders own 1.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on TYL. StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday. JMP Securities boosted 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 report on Friday, October 25th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $627.00 price objective on shares of Tyler Technologies in a research report on Friday, September 13th. Oppenheimer lifted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, DA Davidson lifted their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and an average target price of $642.62.

Tyler Technologies Trading Down 0.2 %

Shares of TYL traded down $1.38 on Monday, reaching $621.77. 278,013 shares of the company's stock were exchanged, compared to its average volume of 234,700. 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 stock has a market capitalization of $26.61 billion, a P/E ratio of 113.43, a price-to-earnings-growth ratio of 5.64 and a beta of 0.76. The business has a 50 day moving average price of $604.80 and a two-hundred day moving average price of $562.01. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56.

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 business had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same period in the previous year, the firm posted $1.66 earnings per share. Tyler Technologies's revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

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.