Inspire Advisors LLC Has $580,000 Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Inspire Advisors LLC grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,007 shares of the technology company’s stock after acquiring an additional 25 shares during the quarter. Inspire Advisors LLC’s holdings in Tyler Technologies were worth $580,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Tyler Technologies by 9.4% during the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock worth $5,785,000 after purchasing an additional 854 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in Tyler Technologies during the 3rd quarter worth about $27,000. WCM Investment Management LLC boosted its stake in shares of Tyler Technologies by 32.9% during the 3rd quarter. WCM Investment Management LLC now owns 3,632 shares of the technology company’s stock worth $2,098,000 after buying an additional 900 shares during the last quarter. Entropy Technologies LP bought a new position in shares of Tyler Technologies in the 3rd quarter valued at about $463,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Tyler Technologies by 1.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 95,789 shares of the technology company’s stock valued at $55,914,000 after acquiring an additional 1,258 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,816 shares of company stock valued at $12,832,070 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $565.73 on Wednesday. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The company has a market capitalization of $24.33 billion, a price-to-earnings ratio of 93.35, a PEG ratio of 4.93 and a beta of 0.80. The company has a 50-day simple moving average of $599.77 and a 200 day simple moving average of $598.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

TYL has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. Barclays upped their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. The Goldman Sachs Group boosted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $676.25.

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.