Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Buckhead Capital Management LLC

Buckhead Capital Management LLC trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,791 shares of the technology company’s stock after selling 103 shares during the quarter. Buckhead Capital Management LLC’s holdings in Tyler Technologies were worth $3,916,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in TYL. Ashton Thomas Securities LLC acquired a new stake in Tyler Technologies during the 3rd quarter worth $27,000. Quarry LP acquired a new position in Tyler Technologies during the third quarter worth about $78,000. MassMutual Private Wealth & Trust FSB boosted its position in Tyler Technologies by 18.4% during 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. Brooklyn Investment Group purchased a new stake in Tyler Technologies during the 3rd quarter valued at about $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Tyler Technologies in the 3rd quarter valued at about $82,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,502 shares of company stock valued at $18,941,368. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $648.18 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $27.74 billion, a P/E ratio of 118.28, a P/E/G ratio of 4.78 and a beta of 0.78. The firm’s 50 day moving average price is $595.47 and its 200-day moving average price is $593.32. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Wall Street Analysts Forecast Growth

TYL has been the topic of several recent research reports. JMP Securities boosted their target price on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Barclays boosted their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Robert W. Baird lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Oppenheimer upped their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $645.69.

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.