McCollum Christoferson Group LLC Sells 88 Shares of Tyler Technologies, Inc. (NYSE:TYL)

McCollum Christoferson Group LLC reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,247 shares of the technology company’s stock after selling 88 shares during the period. Tyler Technologies accounts for approximately 2.6% of McCollum Christoferson Group LLC’s holdings, making the stock its 15th biggest position. McCollum Christoferson Group LLC’s holdings in Tyler Technologies were worth $8,792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TYL. Vanguard Group Inc. boosted its stake in Tyler Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company’s stock valued at $3,062,190,000 after purchasing an additional 62,420 shares during the period. LPL Financial LLC boosted its position in shares of Tyler Technologies by 19.8% in the fourth quarter. LPL Financial LLC now owns 13,363 shares of the technology company’s stock valued at $7,706,000 after acquiring an additional 2,204 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $8,678,000. AXQ Capital LP bought a new position in Tyler Technologies during the fourth quarter worth $272,000. Finally, Sei Investments Co. raised its stake in Tyler Technologies by 2.3% during the 4th quarter. Sei Investments Co. now owns 139,660 shares of the technology company’s stock valued at $80,533,000 after purchasing an additional 3,114 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock valued at $8,688,030 in the last three months. 2.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TYL shares. Needham & Company LLC restated a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. The Goldman Sachs Group boosted 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. Barclays raised their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. 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, Truist Financial reaffirmed a “buy” rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Stock Down 0.4 %

Shares of NYSE TYL opened at $566.56 on Monday. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The business has a fifty day moving average of $598.88 and a two-hundred day moving average of $598.02. The stock has a market cap of $24.42 billion, a PE ratio of 93.49, a PEG ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal 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.