Argonautica Private Wealth Management Inc. Sells 74 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Argonautica Private Wealth Management Inc. cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,188 shares of the technology company’s stock after selling 74 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in Tyler Technologies were worth $497,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TYL. Trust Asset Management LLC bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $202,000. Centered Wealth LLC dba Miller Equity Capital Advisors boosted its holdings in shares of Tyler Technologies by 0.8% during the 4th quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock worth $1,639,000 after buying an additional 30 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $483,000. Cross Staff Investments Inc bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $209,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Tyler Technologies by 5.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,275 shares of the technology company’s stock worth $533,000 after buying an additional 70 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TYL shares. Oppenheimer increased their price target on Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $500.00 target price on shares of Tyler Technologies in a research report on Thursday. DA Davidson upped their target price on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Finally, Robert W. Baird upped their target price on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $465.85.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,738,048. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the completion of the sale, the chief executive officer now owns 79,502 shares in the company, valued at $33,485,447.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the transaction, the insider now directly owns 6,400 shares in the company, valued at $2,738,048. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,608 shares of company stock valued at $21,974,819. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Trading Up 0.6 %

Shares of TYL stock traded up $2.67 during trading hours on Friday, reaching $460.74. The company’s stock had a trading volume of 286,608 shares, compared to its average volume of 228,489. The stock has a market capitalization of $19.56 billion, a P/E ratio of 104.24, a P/E/G ratio of 4.51 and a beta of 0.81. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $465.78. The firm’s fifty day simple moving average is $423.02 and its 200 day simple moving average is $415.30. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The company had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Equities research analysts expect that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

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.