Bouvel Investment Partners LLC Sells 49 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Bouvel Investment Partners LLC decreased its position in Tyler Technologies, Inc. (NYSE:TYL) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,086 shares of the technology company’s stock after selling 49 shares during the period. Bouvel Investment Partners LLC’s holdings in Tyler Technologies were worth $2,969,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of Tyler Technologies by 49.7% in the first quarter. Empowered Funds LLC now owns 2,414 shares of the technology company’s stock worth $1,026,000 after purchasing an additional 801 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Tyler Technologies by 10.4% in the 1st quarter. QRG Capital Management Inc. now owns 658 shares of the technology company’s stock worth $280,000 after purchasing an additional 62 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Tyler Technologies by 22.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 819 shares of the technology company’s stock valued at $348,000 after buying an additional 149 shares in the last quarter. Bleakley Financial Group LLC bought a new stake in Tyler Technologies in the first quarter worth $877,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its stake in shares of Tyler Technologies by 14.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 3,273 shares of the technology company’s stock valued at $1,391,000 after purchasing an additional 419 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. BTIG Research increased their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. JMP Securities upped their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Oppenheimer raised their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Robert W. Baird upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

Tyler Technologies Stock Down 0.4 %

NYSE TYL opened at $616.51 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market cap of $26.39 billion, a PE ratio of 112.50, a P/E/G ratio of 5.59 and a beta of 0.77. The business’s fifty day simple moving average is $592.85 and its 200-day simple moving average is $545.06. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same period last year, the firm earned $1.66 earnings per share. Tyler Technologies’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $7,461,699.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,461,699.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $44,323,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,600 shares of company stock valued at $19,307,295. 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.