Baker Tilly Wealth Management LLC Sells 27 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Baker Tilly Wealth Management LLC trimmed its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 469 shares of the technology company’s stock after selling 27 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Tyler Technologies were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of TYL. Waldron Private Wealth LLC increased its stake in shares of Tyler Technologies by 3.5% in 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 during the period. Industrial Alliance Investment Management Inc. raised its stake in shares of Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after acquiring an additional 29 shares during the last quarter. George Kaiser Family Foundation boosted its holdings in shares of 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 period. UMB Bank n.a. grew its stake in shares of Tyler Technologies by 2.4% in the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock worth $790,000 after purchasing an additional 32 shares during the last quarter. Finally, Torray Investment Partners LLC increased its holdings in Tyler Technologies by 0.3% during the 2nd quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company’s stock valued at $5,536,000 after purchasing an additional 33 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Tyler Technologies news, Director Glenn A. Carter sold 3,350 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the completion of the sale, the director now directly owns 2,654 shares in the company, valued at approximately $1,546,140.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,100 shares of company stock valued at $16,890,717. Corporate insiders own 1.50% of the company’s stock.

Tyler Technologies Price Performance

TYL opened at $605.39 on Tuesday. The firm has a market cap of $25.91 billion, a PE ratio of 110.47, a P/E/G ratio of 5.53 and a beta of 0.78. The stock has a 50-day moving average price of $585.40 and a 200-day moving average price of $529.57. Tyler Technologies, Inc. has a 1 year low of $362.50 and a 1 year high of $631.43. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating 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 firm had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. 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 report on Friday, July 26th. StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Friday. Piper Sandler upped their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a report on Friday. Truist Financial reaffirmed a “buy” rating and set a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday. Finally, DA Davidson raised their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $642.62.

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.