NBW Capital LLC Trims Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

NBW Capital LLC lowered its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.2% in the fourth quarter, HoldingsChannel reports. The firm owned 14,334 shares of the technology company’s stock after selling 181 shares during the period. Tyler Technologies comprises about 1.5% of NBW Capital LLC’s portfolio, making the stock its 24th largest holding. NBW Capital LLC’s holdings in Tyler Technologies were worth $8,266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TYL. Ashton Thomas Securities LLC purchased a new position in Tyler Technologies in the third quarter valued at about $27,000. Sierra Ocean LLC purchased a new position in Tyler Technologies in the fourth quarter valued at about $32,000. Private Trust Co. NA boosted its holdings in Tyler Technologies by 51.8% in the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after purchasing an additional 29 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in Tyler Technologies in the fourth quarter valued at about $61,000. Finally, Quarry LP bought a new position in Tyler Technologies during the 3rd quarter worth approximately $78,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.4 %

TYL opened at $605.75 on Tuesday. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market cap of $26.06 billion, a P/E ratio of 99.96, a P/E/G ratio of 4.93 and a beta of 0.78. The stock’s 50 day moving average price is $598.45 and its 200 day moving average price is $597.85.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TYL shares. The Goldman Sachs Group increased their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. DA Davidson reaffirmed a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Piper Sandler increased their target price on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $676.25.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,766 shares of company stock worth $13,548,346 in the last three months. 2.20% of the stock is owned by company insiders.

About Tyler Technologies

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.