Core Alternative Capital Sells 55 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Core Alternative Capital decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 52.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50 shares of the technology company’s stock after selling 55 shares during the period. Core Alternative Capital’s holdings in Tyler Technologies were worth $29,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TYL. Geode Capital Management LLC grew its holdings in shares of Tyler Technologies by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock valued at $645,585,000 after buying an additional 24,284 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Tyler Technologies by 2.0% during the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock valued at $547,354,000 after buying an additional 17,943 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Tyler Technologies by 4.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company’s stock valued at $527,785,000 after buying an additional 36,066 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after buying an additional 275,511 shares during the last quarter. Finally, Swedbank AB grew its holdings in shares of Tyler Technologies by 1.7% during the fourth quarter. Swedbank AB now owns 459,850 shares of the technology company’s stock valued at $265,168,000 after buying an additional 7,838 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 1.0 %

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

Insiders Place Their Bets

In related news, CFO Brian K. Miller sold 6,752 shares of Tyler Technologies 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 transaction, the chief financial officer now owns 11,918 shares in the company, valued at approximately $7,314,672.50. The trade was a 36.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of Tyler Technologies stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $47,355,750. This trade represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,502 shares of company stock worth $18,941,368. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on TYL shares. Piper Sandler increased their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. JMP Securities raised their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Truist Financial restated a “buy” rating and issued a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Finally, StockNews.com cut shares of 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 issued a buy rating to the stock. According to MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average target price of $645.69.

About Tyler Technologies

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.