SVB Wealth LLC Has $6.66 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

SVB Wealth LLC decreased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 27.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,924 shares of the technology company’s stock after selling 6,128 shares during the period. SVB Wealth LLC’s holdings in Tyler Technologies were worth $6,658,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Clear Street Markets LLC grew its stake in shares of Tyler Technologies by 95.2% in the first quarter. Clear Street Markets LLC now owns 82 shares of the technology company’s stock worth $29,000 after acquiring an additional 40 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Tyler Technologies in the 3rd quarter valued at $48,000. Cornerstone Planning Group LLC bought a new stake in Tyler Technologies in the 2nd quarter valued at $49,000. Chilton Capital Management LLC bought a new stake in Tyler Technologies in the 4th quarter valued at $52,000. Finally, Column Capital Advisors LLC increased its holdings in Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock valued at $56,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity

In related news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the sale, the insider now owns 6,400 shares of the company’s stock, valued at $2,799,936. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at approximately $2,799,936. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total value of $4,359,800.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,698,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,608 shares of company stock worth $21,974,819. Corporate insiders own 1.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JMP Securities restated a “market outperform” rating and issued a $490.00 target price on shares of Tyler Technologies in a research note on Friday, February 16th. JPMorgan Chase & Co. upped their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. DA Davidson upped their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Needham & Company LLC upped their price target on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, February 15th. Finally, Piper Sandler upped their price target on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $457.86.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $399.26 on Wednesday. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $454.74. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $16.94 billion, a price-to-earnings ratio of 102.64, a P/E/G ratio of 3.94 and a beta of 0.81. The stock’s fifty day moving average price is $425.50 and its two-hundred day moving average price is $413.64.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. On average, equities analysts forecast that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

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.