Park Avenue Securities LLC Sells 258 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Park Avenue Securities LLC decreased its position in Tyler Technologies, Inc. (NYSE:TYL) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,897 shares of the technology company’s stock after selling 258 shares during the quarter. Park Avenue Securities LLC’s holdings in Tyler Technologies were worth $1,656,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TYL. Czech National Bank increased its position in Tyler Technologies by 0.6% during the first quarter. Czech National Bank now owns 7,411 shares of the technology company’s stock worth $3,150,000 after acquiring an additional 42 shares during the period. Clearview Wealth Advisors LLC bought a new position in Tyler Technologies during the first quarter worth $312,000. Mather Group LLC. bought a new position in Tyler Technologies during the first quarter worth $109,000. Westwind Capital increased its position in Tyler Technologies by 1.0% during the first quarter. Westwind Capital now owns 49,190 shares of the technology company’s stock worth $20,907,000 after acquiring an additional 466 shares during the period. Finally, GAMMA Investing LLC increased its position in Tyler Technologies by 22.7% during the first quarter. GAMMA Investing LLC now owns 568 shares of the technology company’s stock worth $241,000 after acquiring an additional 105 shares during the period. Institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

TYL has been the topic of a number of research reports. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a research report on Wednesday, April 24th. BTIG Research lifted their price target on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Loop Capital lifted their price target on shares of Tyler Technologies from $485.00 to $530.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Needham & Company LLC lifted their price target on shares of Tyler Technologies from $500.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Finally, Oppenheimer lifted their price target on shares of Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and nine 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 target price of $519.09.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 800 shares of Tyler Technologies stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the transaction, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at $6,104,110.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Brian K. Miller sold 800 shares of Tyler Technologies stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the transaction, the chief financial officer now directly owns 12,736 shares of the company’s stock, valued at $6,104,110.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total value of $2,899,260.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The disclosure for this sale can be found here. Insiders sold 26,241 shares of company stock valued at $12,495,890 over the last ninety days. 2.20% of the stock is owned by insiders.

Tyler Technologies Stock Up 2.1 %

Shares of NYSE:TYL opened at $489.14 on Monday. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $500.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The company’s fifty day moving average is $467.47 and its 200-day moving average is $438.73. The company has a market capitalization of $20.77 billion, a PE ratio of 110.67, a P/E/G ratio of 4.50 and a beta of 0.74.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $512.36 million for the quarter, compared to the consensus estimate of $507.79 million. Equities research analysts predict that Tyler Technologies, Inc. will post 7.1 earnings per share for the current fiscal year.

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.