Thrivent Financial for Lutherans Decreases Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Thrivent Financial for Lutherans cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 85.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,189 shares of the technology company’s stock after selling 179,239 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of Tyler Technologies worth $17,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Independence Bank of Kentucky bought a new position in Tyler Technologies during the 2nd quarter valued at approximately $25,000. Ashton Thomas Securities LLC bought a new position in Tyler Technologies in the 3rd quarter worth $27,000. Covestor Ltd boosted its stake in shares of Tyler Technologies by 153.6% during the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after purchasing an additional 43 shares in the last quarter. Blue Trust Inc. lifted its holdings in Tyler Technologies by 329.4% in the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares during the period. Finally, Lynx Investment Advisory bought a new stake in Tyler Technologies during the 2nd quarter valued at approximately $38,000. 93.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Barclays upped their price target 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 cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer upped their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Needham & Company LLC lifted their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company upped their price target on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $642.62.

Tyler Technologies Trading Up 0.2 %

Shares of NYSE:TYL opened at $601.14 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $631.43. The company has a market cap of $25.73 billion, a P/E ratio of 109.70, a PEG ratio of 5.39 and a beta of 0.77. The stock’s fifty day moving average price is $594.40 and its 200-day moving average price is $549.91.

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

Insider Activity

In related news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the transaction, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,461,699.50. This trade represents a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Glenn A. Carter sold 3,350 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the sale, the director now directly owns 2,654 shares of the company’s stock, valued at approximately $1,546,140.78. This represents a 55.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,600 shares of company stock valued at $16,412,595 in the last ninety days. 1.50% of the stock is currently owned by company insiders.

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.