Calamos Advisors LLC Sells 389 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Calamos Advisors LLC decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,779 shares of the technology company’s stock after selling 389 shares during the period. Calamos Advisors LLC’s holdings in Tyler Technologies were worth $13,706,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Tyler Technologies in the 4th quarter worth $31,000. Clear Street Markets LLC grew its holdings 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 period. Cornerstone Planning Group LLC bought a new stake in shares of Tyler Technologies in the second quarter worth $49,000. Chilton Capital Management LLC bought a new stake in shares of Tyler Technologies in the fourth quarter worth $52,000. Finally, Column Capital Advisors LLC grew its holdings in shares of Tyler Technologies by 50.5% in the third quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after acquiring an additional 49 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $403.35 on Friday. The stock’s 50-day simple moving average is $423.44 and its 200-day simple moving average is $413.63. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $454.74. The company has a market capitalization of $17.12 billion, a price-to-earnings ratio of 103.69, a PEG ratio of 3.97 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC lifted their price objective on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th. Piper Sandler boosted their price target on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Finally, DA Davidson boosted their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $460.46.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,698,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,698,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $32,639,250. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock worth $21,974,819 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

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.