Bleakley Financial Group LLC Has $762,000 Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Bleakley Financial Group LLC reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 37.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,321 shares of the technology company’s stock after selling 802 shares during the quarter. Bleakley Financial Group LLC’s holdings in Tyler Technologies were worth $762,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after purchasing an additional 21 shares during the period. Baron Wealth Management LLC increased its stake in Tyler Technologies by 1.5% during the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock valued at $857,000 after purchasing an additional 22 shares in the last quarter. Choreo LLC increased its stake in Tyler Technologies by 3.9% during the 4th quarter. Choreo LLC now owns 647 shares of the technology company’s stock valued at $374,000 after purchasing an additional 24 shares in the last quarter. Oak Ridge Investments LLC raised its holdings in Tyler Technologies by 0.8% during the fourth quarter. Oak Ridge Investments LLC now owns 3,011 shares of the technology company’s stock worth $1,736,000 after buying an additional 25 shares during the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Tyler Technologies by 9.0% in the fourth quarter. Mather Group LLC. now owns 315 shares of the technology company’s stock valued at $182,000 after buying an additional 26 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TYL shares. Oppenheimer upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Robert W. Baird increased their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Truist Financial reaffirmed a “buy” rating and set a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $645.69.

Tyler Technologies Stock Performance

NYSE TYL opened at $606.07 on Monday. The company has a market capitalization of $25.94 billion, a PE ratio of 110.60, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The company has a 50-day simple moving average of $596.48 and a 200 day simple moving average of $592.72.

Insider Activity

In other news, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction on 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 owns 11,918 shares in the company, valued at approximately $7,314,672.50. This represents a 36.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s 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 sale, the insider now owns 6,983 shares in the company, valued at $4,424,079.65. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock valued at $18,941,368 in the last three months. Company 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.