Verdence Capital Advisors LLC Has $284,000 Stake in Tyler Technologies, Inc. (NYSE:TYL)

Verdence Capital Advisors LLC increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492 shares of the technology company’s stock after buying an additional 25 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Tyler Technologies were worth $284,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TYL. Oak Thistle LLC grew its holdings in shares of Tyler Technologies by 213.7% during the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after purchasing an additional 1,586 shares in the last quarter. Aigen Investment Management LP bought a new stake in Tyler Technologies during the third quarter worth about $1,309,000. Maiden Cove Capital LLC acquired a new stake in Tyler Technologies during the third quarter worth about $583,000. Assetmark Inc. increased its holdings in Tyler Technologies by 9.4% in the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after buying an additional 854 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at approximately $569,000. Institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TYL. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. DA Davidson reaffirmed a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. The Goldman Sachs Group lifted their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Wells Fargo & Company restated an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $676.25.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of the company’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 14,816 shares of company stock valued at $9,118,070 over the last 90 days. 2.20% of the stock is owned by insiders.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $589.02 on Friday. The business’s 50-day moving average price is $599.89 and its 200-day moving average price is $598.52. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $25.34 billion, a price-to-earnings ratio of 97.20, a PEG ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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%. Equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.