Cerity Partners LLC Has $1.71 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Cerity Partners LLC reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 32.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,940 shares of the technology company's stock after selling 1,410 shares during the quarter. Cerity Partners LLC's holdings in Tyler Technologies were worth $1,709,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC grew its position in shares of Tyler Technologies by 2.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after purchasing an additional 18 shares during the period. AdvisorNet Financial Inc grew its position in shares of Tyler Technologies by 7.0% in the 1st quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock valued at $169,000 after purchasing an additional 19 shares during the period. Benjamin Edwards Inc. grew its position in shares of Tyler Technologies by 1.5% in the 4th quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock valued at $880,000 after purchasing an additional 22 shares during the period. MV Capital Management Inc. grew its position in shares of Tyler Technologies by 42.9% in the 1st quarter. MV Capital Management Inc. now owns 80 shares of the technology company's stock valued at $47,000 after purchasing an additional 24 shares during the period. Finally, Curbstone Financial Management Corp grew its position in shares of Tyler Technologies by 2.2% in the 1st quarter. Curbstone Financial Management Corp now owns 1,104 shares of the technology company's stock valued at $642,000 after purchasing an additional 24 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TYL shares. Robert W. Baird decreased their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Wells Fargo & Company reduced their price target on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Piper Sandler reduced their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 13th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $680.50.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,200 shares of the company's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $580.72, for a total value of $696,864.00. Following the completion of the transaction, the chief financial officer directly owned 13,772 shares in the company, valued at approximately $7,997,675.84. This represents a 8.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the completion of the transaction, the insider owned 247 shares of the company's stock, valued at $141,679.20. The trade was a 60.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock valued at $15,177,230 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Price Performance

Shares of TYL opened at $564.75 on Monday. Tyler Technologies, Inc. has a 1 year low of $513.52 and a 1 year high of $661.31. The company has a market capitalization of $24.35 billion, a price-to-earnings ratio of 85.05, a price-to-earnings-growth ratio of 4.41 and a beta of 0.84. The business has a 50-day moving average of $575.15 and a 200-day moving average of $579.00.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same period in the previous year, the company posted $2.20 earnings per share. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.

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