Thrivent Financial for Lutherans Trims Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Thrivent Financial for Lutherans cut its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 19.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 209,428 shares of the technology company’s stock after selling 51,490 shares during the period. Thrivent Financial for Lutherans’ holdings in Tyler Technologies were worth $105,296,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TYL. Gilbert & Cook Inc. raised its stake in shares of Tyler Technologies by 7.6% in the 4th quarter. Gilbert & Cook Inc. now owns 1,437 shares of the technology company’s stock valued at $601,000 after acquiring an additional 102 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Tyler Technologies by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 141,464 shares of the technology company’s stock valued at $59,150,000 after acquiring an additional 3,961 shares during the period. Avantax Advisory Services Inc. raised its stake in shares of Tyler Technologies by 5.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock valued at $280,000 after acquiring an additional 33 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Tyler Technologies by 1.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,370 shares of the technology company’s stock valued at $3,082,000 after acquiring an additional 112 shares during the period. Finally, UBS Group AG raised its stake in shares of Tyler Technologies by 8.5% in the 4th quarter. UBS Group AG now owns 57,280 shares of the technology company’s stock valued at $23,950,000 after acquiring an additional 4,501 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were 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 owns 75,000 shares in the company, valued at approximately $43,246,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,246,500. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $6,787,122. The disclosure for this sale can be found here. Insiders sold 29,375 shares of company stock worth $17,049,739 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Down 0.4 %

NYSE TYL opened at $577.80 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $598.93. The stock has a market capitalization of $24.53 billion, a PE ratio of 130.72, a price-to-earnings-growth ratio of 5.42 and a beta of 0.78. The firm has a 50 day moving average of $570.67 and a two-hundred day moving average of $498.05.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping the consensus estimate of $2.34 by $0.06. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The company had revenue of $540.98 million during the quarter, compared to analysts’ expectations of $541.01 million. During the same quarter in the previous year, the business posted $1.53 EPS. The firm’s revenue was up 7.3% on a year-over-year basis. As a group, research analysts expect that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TYL. Barclays boosted their price target on shares of Tyler Technologies from $515.00 to $577.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. JMP Securities boosted their price target on shares of Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research note on Monday, July 22nd. Truist Financial restated a “buy” rating and issued a $600.00 price objective (up previously from $560.00) on shares of Tyler Technologies in a report on Friday, July 26th. Oppenheimer lifted their price objective on shares of Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Finally, DA Davidson lifted their price objective on shares of Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $582.31.

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.