Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp trimmed its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 2,229 shares of the technology company’s stock after selling 94 shares during the period. MADDEN SECURITIES Corp’s holdings in Tyler Technologies were worth $1,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TYL. International Assets Investment Management LLC lifted its position in Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after buying an additional 307,498 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after acquiring an additional 275,511 shares during the period. Seilern Investment Management Ltd purchased a new position in shares of Tyler Technologies during the 4th quarter worth $105,549,000. FMR LLC boosted its position in shares of Tyler Technologies by 94.1% during the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company’s stock valued at $63,812,000 after acquiring an additional 52,984 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Tyler Technologies by 120.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 81,487 shares of the technology company’s stock worth $46,989,000 after purchasing an additional 44,584 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock valued at $18,941,368 in the last ninety days. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Piper Sandler increased their price objective on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Truist Financial reiterated a “buy” rating and issued a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. JMP Securities upped their price target on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a research note on Friday, October 25th. Finally, StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $645.69.

Tyler Technologies Stock Up 1.0 %

Shares of NYSE:TYL opened at $612.18 on Tuesday. The firm’s 50-day moving average is $596.22 and its two-hundred day moving average is $593.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56. The firm has a market capitalization of $26.20 billion, a PE ratio of 111.71, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78.

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.