Parkside Financial Bank & Trust Sells 216 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Parkside Financial Bank & Trust lessened its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 22.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 758 shares of the technology company’s stock after selling 216 shares during the period. Parkside Financial Bank & Trust’s holdings in Tyler Technologies were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its holdings in Tyler Technologies by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock worth $2,115,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares during the last quarter. Baron Wealth Management LLC grew its holdings in Tyler Technologies by 1.5% in the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after acquiring an additional 22 shares during the last quarter. Choreo LLC grew its holdings in Tyler Technologies by 3.9% in the 4th quarter. Choreo LLC now owns 647 shares of the technology company’s stock worth $374,000 after acquiring an additional 24 shares during the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its stake in shares of Tyler Technologies by 2.2% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,123 shares of the technology company’s stock valued at $648,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Up 0.4 %

NYSE:TYL opened at $607.66 on Friday. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The company’s 50-day simple moving average is $598.40 and its 200 day simple moving average is $597.41. The firm has a market capitalization of $26.14 billion, a P/E ratio of 100.27, a PEG ratio of 4.93 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total value of $3,801,300.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 6,752 shares of Tyler Technologies stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the transaction, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,766 shares of company stock valued at $13,548,346. Insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TYL shares. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Truist Financial reaffirmed a “buy” rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. DA Davidson reaffirmed a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. The Goldman Sachs Group lifted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

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.