Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 433,821 shares of the technology company's stock after selling 12,934 shares during the quarter. Tyler Technologies makes up 0.7% of Blair William & Co. IL's holdings, making the stock its 28th largest holding. Blair William & Co. IL owned about 1.01% of Tyler Technologies worth $250,159,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TYL. Oak Thistle LLC raised its stake in Tyler Technologies by 213.7% in the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company's stock worth $1,342,000 after buying an additional 1,586 shares in the last quarter. Kensington Investment Counsel LLC increased its holdings in shares of Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares during the period. Diversified Trust Co bought a new position in shares of Tyler Technologies in the 4th quarter worth $596,000. Fiduciary Alliance LLC bought a new position in shares of Tyler Technologies in the 4th quarter worth $1,594,000. Finally, Barclays PLC lifted its stake in shares of Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after purchasing an additional 2,169 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

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Analyst Upgrades and Downgrades

TYL has been the topic of several analyst reports. DA Davidson reiterated a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. The Goldman Sachs Group lifted their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Barclays boosted their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Truist Financial restated a "buy" rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Finally, StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $676.25.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock worth $8,688,030 over the last quarter. Insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

Shares of TYL traded up $0.99 during trading hours on Friday, reaching $579.39. 297,612 shares of the company traded hands, compared to its average volume of 248,500. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The business has a fifty day moving average price of $599.76 and a 200-day moving average price of $597.63. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The stock has a market capitalization of $24.98 billion, a P/E ratio of 95.61, a P/E/G ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.