Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 11.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,598 shares of the technology company’s stock after selling 3,545 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in Tyler Technologies were worth $15,526,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Independence Bank of Kentucky acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at about $25,000. Covestor Ltd lifted its holdings in Tyler Technologies by 153.6% in the first quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after acquiring an additional 43 shares during the period. Blue Trust Inc. boosted its position in Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Lynx Investment Advisory acquired a new stake in shares of Tyler Technologies during the 2nd quarter worth approximately $38,000. Finally, Larson Financial Group LLC increased its holdings in shares of Tyler Technologies by 675.0% during the 1st quarter. Larson Financial Group LLC now owns 93 shares of the technology company’s stock valued at $40,000 after purchasing an additional 81 shares in 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 news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider John S. Marr, Jr. sold 5,000 shares of the firm’s 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 sale, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total value of $1,467,425.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,014,291.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,850 shares of company stock worth $12,151,735 in the last three months. 1.50% of the stock is owned by corporate insiders.

Tyler Technologies Price Performance

TYL traded up $8.61 on Thursday, reaching $611.81. 26,613 shares of the company’s stock were exchanged, compared to its average volume of 227,774. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $631.43. The stock has a market cap of $26.19 billion, a PE ratio of 110.07, a P/E/G ratio of 5.42 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s fifty day moving average price is $589.67 and its 200-day moving average price is $538.62.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same period in the previous year, the firm posted $1.66 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JMP Securities raised their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research report on Friday, October 25th. DA Davidson raised their target price on Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Robert W. Baird raised their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their price objective on Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $642.62.

Tyler Technologies Company 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.