Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 22,554 shares of the technology company's stock after selling 421 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.05% of Tyler Technologies worth $13,006,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies during the third quarter worth $27,000. Quarry LP purchased a new stake in shares of Tyler Technologies during the third quarter worth $78,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 buying an additional 21 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of Tyler Technologies during the third quarter worth $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Tyler Technologies during the third quarter worth $82,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Friday, February 14th. JMP Securities upped 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. The Goldman Sachs Group upped their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday. Truist Financial reaffirmed a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, Robert W. Baird 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. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company's stock, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $47,355,750. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock valued at $18,941,368 over the last 90 days. 2.20% of the stock is owned by company insiders.

Tyler Technologies Trading Down 2.6 %

TYL stock traded down $16.56 during mid-day trading on Thursday, hitting $628.12. 249,171 shares of the company were exchanged, compared to its average volume of 245,043. 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 firm has a market capitalization of $26.88 billion, a P/E ratio of 103.65, a PEG ratio of 5.01 and a beta of 0.78. The business has a fifty day simple moving average of $597.46 and a 200-day simple moving average of $595.78. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results 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 10.15% and a net margin of 12.30%. On average, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.