Toronto Dominion Bank Sells 4,720 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Toronto Dominion Bank trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 18.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 21,102 shares of the technology company’s stock after selling 4,720 shares during the quarter. Toronto Dominion Bank’s holdings in Tyler Technologies were worth $10,610,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. raised its holdings in shares of Tyler Technologies by 7.6% in the fourth quarter. Gilbert & Cook Inc. now owns 1,437 shares of the technology company’s stock worth $601,000 after buying an additional 102 shares during the period. Corient Private Wealth LLC increased its stake in Tyler Technologies by 34.7% in the fourth quarter. Corient Private Wealth LLC now owns 3,451 shares of the technology company’s stock worth $1,443,000 after purchasing an additional 889 shares during the period. Hsbc Holdings PLC increased its stake in Tyler Technologies by 5.3% in the fourth quarter. Hsbc Holdings PLC now owns 53,576 shares of the technology company’s stock worth $22,375,000 after purchasing an additional 2,696 shares during the period. TD Asset Management Inc lifted its position in shares of Tyler Technologies by 72.6% during the fourth quarter. TD Asset Management Inc now owns 119,233 shares of the technology company’s stock worth $49,854,000 after purchasing an additional 50,162 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of Tyler Technologies by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 19,051 shares of the technology company’s stock valued at $7,966,000 after purchasing an additional 181 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TYL has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $600.00 price objective on shares of Tyler Technologies in a report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target (up previously from $560.00) on shares of Tyler Technologies in a research note on Friday, July 26th. Wells Fargo & Company increased their price objective on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Evercore ISI raised Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. Finally, Oppenheimer increased their price target on Tyler Technologies from $550.00 to $625.00 and gave the stock an “outperform” rating in a research 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $582.31.

Tyler Technologies Trading Down 0.3 %

Shares of NYSE TYL opened at $577.52 on Friday. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $598.93. The business has a fifty day moving average price of $576.23 and a 200 day moving average price of $503.03. The stock has a market capitalization of $24.64 billion, a P/E ratio of 130.66, a price-to-earnings-growth ratio of 5.41 and a beta of 0.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $1.53 earnings per share. Tyler Technologies’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities research analysts expect that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $43,236,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at $43,236,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,042,738.02. The disclosure for this sale can be found here. Insiders sold 29,375 shares of company stock valued at $17,049,739 in the last quarter. 2.20% of the stock is currently owned by corporate 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.