Crossmark Global Holdings Inc. cut its stake in Tyler Technologies, Inc. (NYSE:TYL) by 22.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,413 shares of the technology company’s stock after selling 965 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Tyler Technologies were worth $634,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new stake in shares of Tyler Technologies in the fourth quarter worth approximately $33,000. Meeder Asset Management Inc. bought a new stake in Tyler Technologies during the fourth quarter valued at approximately $79,000. Harvest Fund Management Co. Ltd grew its position in Tyler Technologies by 390.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 574 shares of the technology company’s stock valued at $141,000 after buying an additional 457 shares during the period. Norway Savings Bank bought a new stake in Tyler Technologies during the fourth quarter valued at approximately $159,000. Finally, First Republic Investment Management Inc. bought a new stake in Tyler Technologies during the third quarter valued at approximately $201,000. Hedge funds and other institutional investors own 98.53% of the company’s stock.
Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating and set a $236.00 target price for the company in a research report on Saturday, October 27th. KeyCorp restated a “hold” rating on shares of Tyler Technologies in a research report on Friday, November 2nd. Robert W. Baird cut their target price on shares of Tyler Technologies from $260.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. Finally, TheStreet lowered shares of Tyler Technologies from a “b” rating to a “c+” rating in a research report on Thursday, November 1st. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Tyler Technologies has an average rating of “Buy” and a consensus price target of $233.36.
TYL opened at $213.29 on Thursday. The company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 67.07, a PEG ratio of 4.58 and a beta of 0.81. Tyler Technologies, Inc. has a 1-year low of $173.26 and a 1-year high of $252.47.
About Tyler Technologies
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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