Gilbert & Cook Inc. Lowers Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Gilbert & Cook Inc. lessened its stake in Tyler Technologies, Inc. (NYSE:TYL) by 9.7% during the 4th quarter, HoldingsChannel reports. The firm owned 982 shares of the technology company’s stock after selling 105 shares during the quarter. Gilbert & Cook Inc.’s holdings in Tyler Technologies were worth $566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in TYL. Ashton Thomas Securities LLC purchased a new stake in shares of Tyler Technologies during the third quarter worth about $27,000. Quarry LP purchased a new position in shares of Tyler Technologies in the third quarter valued at approximately $78,000. Tobam purchased a new position in shares of Tyler Technologies in the third quarter valued at approximately $78,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new stake in shares of Tyler Technologies during the third quarter worth approximately $79,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $45,436,500. This represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the transaction, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at approximately $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,252 shares of company stock worth $26,096,928. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TYL shares. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Piper Sandler upped their price target on Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. DA Davidson upped their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Barclays lifted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $643.77.

Tyler Technologies Trading Up 0.5 %

Shares of Tyler Technologies stock traded up $3.21 during trading on Thursday, reaching $610.62. 8,106 shares of the company were exchanged, compared to its average volume of 213,180. The firm has a market capitalization of $26.13 billion, a price-to-earnings ratio of 112.17, a P/E/G ratio of 4.55 and a beta of 0.78. The business has a 50-day moving average price of $598.59 and a 200-day moving average price of $588.22. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56.

About Tyler Technologies

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.