Redpoint Investment Management Pty Ltd Sells 327 Shares of Tyler Technologies, Inc. (NYSE:TYL) – Defense World
Posted by admin on Jun 26th, 2022 
Redpoint Investment Management Pty Ltd decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL – Get Rating) by 34.2% in the 1st quarter, Holdings Channel reports. The firm owned 628 shares of the technology company’s stock after selling 327 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Tyler Technologies were worth $279,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new position in Tyler Technologies during the 4th quarter worth approximately $27,000. Confluence Wealth Services Inc. acquired a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $58,000. GraniteShares Advisors LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $104,000. CWM LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $105,000. Finally, RE Advisers Corp grew its position in shares of Tyler Technologies by 29.1% during the 4th quarter. RE Advisers Corp now owns 204 shares of the technology company’s stock worth $110,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 90.14% of the company’s stock.
Several analysts have recently commented on TYL shares. Loop Capital started coverage on shares of Tyler Technologies in a research report on Monday, April 18th. They set a “buy” rating and a $520.00 price objective for the company. Barclays started coverage on shares of Tyler Technologies in a research report on Monday, March 14th. They set an “equal weight” rating and a $445.00 price objective for the company. DA Davidson raised shares of Tyler Technologies from a “neutral” rating to a “buy” rating and set a $440.00 price objective for the company in a research report on Thursday, May 26th. They noted that the move was a valuation call. TheStreet downgraded shares of Tyler Technologies from a “b-” rating to a “c+” rating in a research report on Wednesday, April 27th. Finally, Wells Fargo & Company raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $425.00 to $435.00 in a research report on Tuesday, June 7th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $516.92.
In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction on Friday, May 13th. The stock was sold at an average price of $358.97, for a total transaction of $897,425.00. Following the transaction, the chief financial officer now directly owns 28,594 shares in the company, valued at approximately $10,264,388.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total value of $2,182,500.00. Following the sale, the chairman now owns 57,638 shares in the company, valued at $20,965,822.50. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
Shares of NYSE:TYL opened at $345.33 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $355.44 and its two-hundred day simple moving average is $423.01. Tyler Technologies, Inc. has a 1-year low of $300.85 and a 1-year high of $557.55. The stock has a market cap of $14.32 billion, a PE ratio of 89.00 and a beta of 0.83.
Tyler Technologies (NYSE:TYL – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The technology company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.12. Tyler Technologies had a return on equity of 10.62% and a net margin of 9.38%. The business had revenue of $456.11 million for the quarter, compared to analysts’ expectations of $435.29 million. During the same period last year, the business earned $1.08 EPS. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 5.73 earnings per share for the current fiscal year.
Tyler Technologies Profile (Get Rating)
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It offers financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; and student information and transportation solutions for K-12 schools.
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