Goodman Advisory Group LLC Sells 907 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Goodman Advisory Group LLC reduced its stake in Tyler Technologies, Inc. (NYSE:TYL) by 9.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,407 shares of the technology company’s stock after selling 907 shares during the period. Tyler Technologies makes up approximately 1.3% of Goodman Advisory Group LLC’s investment portfolio, making the stock its 23rd biggest position. Goodman Advisory Group LLC’s holdings in Tyler Technologies were worth $4,227,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TYL. Vanguard Group Inc. raised its position in shares of Tyler Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock valued at $2,134,423,000 after buying an additional 53,005 shares in the last quarter. APG Asset Management N.V. increased its stake in Tyler Technologies by 1.4% in the second quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after acquiring an additional 20,842 shares during the last quarter. Principal Financial Group Inc. raised its position in Tyler Technologies by 3.3% during the first quarter. Principal Financial Group Inc. now owns 1,309,715 shares of the technology company’s stock valued at $556,642,000 after purchasing an additional 41,485 shares in the last quarter. Van ECK Associates Corp lifted its stake in Tyler Technologies by 6.3% during the first quarter. Van ECK Associates Corp now owns 922,942 shares of the technology company’s stock worth $392,259,000 after purchasing an additional 54,926 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Tyler Technologies by 15.3% in the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after purchasing an additional 70,801 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE:TYL opened at $577.52 on Friday. The firm has a market capitalization of $24.64 billion, a P/E ratio of 130.66, a P/E/G ratio of 5.41 and a beta of 0.78. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $598.93. The company has a fifty day moving average of $576.23 and a 200-day moving average of $503.03. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, beating the consensus estimate of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. During the same quarter in the previous year, the company posted $1.53 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $43,236,750. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $44,323,500. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total value of $3,603,062.50. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $43,236,750. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,375 shares of company stock worth $17,049,739. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Evercore ISI upgraded Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. DA Davidson lifted their price target on Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Oppenheimer upped their price objective on Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a research report on Friday, September 13th. Four analysts have rated the stock with a hold rating and eleven have given 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 $582.31.

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.