Arkadios Wealth Advisors Lowers Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Arkadios Wealth Advisors cut its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,937 shares of the technology company’s stock after selling 150 shares during the quarter. Arkadios Wealth Advisors’ holdings in Tyler Technologies were worth $1,117,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Merit Financial Group LLC bought a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $305,000. Bouvel Investment Partners LLC grew its stake in shares of Tyler Technologies by 1.0% in the 4th quarter. Bouvel Investment Partners LLC now owns 5,139 shares of the technology company’s stock worth $2,963,000 after buying an additional 53 shares during the last quarter. Argent Capital Management LLC bought a new position in Tyler Technologies during the 4th quarter valued at approximately $1,980,000. USA Financial Formulas raised its stake in Tyler Technologies by 3.5% during the fourth quarter. USA Financial Formulas now owns 1,862 shares of the technology company’s stock valued at $1,074,000 after buying an additional 63 shares during the last quarter. Finally, Burney Co. boosted its holdings in Tyler Technologies by 21.1% in the fourth quarter. Burney Co. now owns 977 shares of the technology company’s stock worth $563,000 after acquiring an additional 170 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Brian K. Miller sold 6,752 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the sale, the chief financial officer now directly owns 11,918 shares in the company, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock valued at $26,096,928 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

TYL has been the subject of several recent analyst reports. Robert W. Baird lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. DA Davidson upped their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Truist Financial reissued a “buy” rating and set a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $643.77.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $569.18 on Monday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The firm has a market capitalization of $24.36 billion, a price-to-earnings ratio of 103.87, a price-to-earnings-growth ratio of 4.35 and a beta of 0.78. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $600.60 and a 200 day moving average of $584.12.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.66 EPS. On average, research analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

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.