Goodman Advisory Group LLC Sells 5,585 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Goodman Advisory Group LLC lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 65.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,998 shares of the technology company's stock after selling 5,585 shares during the quarter. Tyler Technologies accounts for approximately 0.8% of Goodman Advisory Group LLC's investment portfolio, making the stock its 27th biggest position. Goodman Advisory Group LLC's holdings in Tyler Technologies were worth $1,743,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of TYL. Exchange Traded Concepts LLC boosted its holdings in shares of Tyler Technologies by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after acquiring an additional 56 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Tyler Technologies by 20.7% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock valued at $24,507,000 after acquiring an additional 7,300 shares in the last quarter. Kensington Investment Counsel LLC boosted its holdings in shares of Tyler Technologies by 0.8% during the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares in the last quarter. CX Institutional acquired a new stake in shares of Tyler Technologies during the 1st quarter valued at $176,000. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Tyler Technologies by 268.5% during the 4th quarter. EP Wealth Advisors LLC now owns 1,861 shares of the technology company's stock valued at $1,073,000 after acquiring an additional 1,356 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In related news, Director Daniel M. Pope sold 365 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the sale, the director now directly owns 2,853 shares of the company's stock, valued at $1,569,150. The trade was a 11.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the business's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $558.86, for a total value of $2,794,300.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company's stock, valued at $3,902,519.38. The trade was a 41.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,500 shares of company stock valued at $15,177,230. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TYL shares. DA Davidson cut their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Needham & Company LLC reissued a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Cantor Fitzgerald initiated coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price for the company. Finally, Barclays lowered their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $680.50.

Tyler Technologies Stock Performance

Shares of TYL stock traded up $4.30 during mid-day trading on Friday, hitting $581.50. The company's stock had a trading volume of 409,793 shares, compared to its average volume of 262,267. The company's fifty day simple moving average is $567.18 and its 200-day simple moving average is $581.32. Tyler Technologies, Inc. has a 52 week low of $495.21 and a 52 week high of $661.31. The company has a market cap of $25.07 billion, a PE ratio of 87.58, a P/E/G ratio of 4.54 and a beta of 0.84.

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