Allspring Global Investments Holdings LLC Has $85.95 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Allspring Global Investments Holdings LLC raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 49.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,562 shares of the technology company's stock after buying an additional 49,508 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.35% of Tyler Technologies worth $85,953,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Tyler Technologies during the 3rd quarter worth approximately $27,000. Quarry LP bought a new position in Tyler Technologies in the 3rd quarter worth approximately $78,000. MassMutual Private Wealth & Trust FSB grew its holdings in Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after buying an additional 21 shares in the last quarter. Brooklyn Investment Group bought a new position in Tyler Technologies in the 3rd quarter worth approximately $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Tyler Technologies in the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Price Performance

Shares of TYL traded down $4.35 during trading hours on Friday, hitting $642.39. 314,107 shares of the company were exchanged, compared to its average volume of 211,429. The company has a market capitalization of $27.49 billion, a PE ratio of 117.22, a PEG ratio of 4.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a fifty day simple moving average of $596.21 and a 200-day simple moving average of $594.29. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Insider Activity

In other news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $4,144,040.00. Following the sale, the chief financial officer now owns 11,918 shares of the company's stock, valued at approximately $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock worth $18,941,368 over the last quarter. Corporate insiders own 2.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TYL shares. Needham & Company LLC reissued a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. 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 report on Friday, October 25th. Truist Financial reaffirmed a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research note on Friday. StockNews.com raised Tyler Technologies from a "hold" rating to a "buy" rating in a research note on Friday. Finally, DA Davidson reaffirmed a "neutral" rating and set a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and eleven have issued 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 $667.83.

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.