Choate Investment Advisors Has $7.93 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Choate Investment Advisors decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 8.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,734 shares of the technology company's stock after selling 1,338 shares during the quarter. Choate Investment Advisors' holdings in Tyler Technologies were worth $7,928,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund raised its position in shares of Tyler Technologies by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock worth $2,115,000 after buying an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock valued at $78,000 after purchasing an additional 21 shares during the period. Baron Wealth Management LLC raised its stake in shares of Tyler Technologies by 1.5% in the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock worth $857,000 after buying an additional 22 shares in the last quarter. Choreo LLC lifted its holdings in shares of Tyler Technologies by 3.9% in the fourth quarter. Choreo LLC now owns 647 shares of the technology company's stock valued at $374,000 after buying an additional 24 shares during the period. Finally, Argonautica Private Wealth Management Inc. boosted its stake in Tyler Technologies by 2.2% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 1,123 shares of the technology company's stock valued at $648,000 after buying an additional 24 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have commented on TYL. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Needham & Company LLC reiterated a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Truist Financial restated a "buy" rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Finally, The Goldman Sachs Group raised their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies Stock Down 1.7 %

NYSE:TYL traded down $9.86 during trading hours on Thursday, hitting $568.19. 215,866 shares of the company's stock traded hands, compared to its average volume of 260,512. The stock's fifty day moving average price is $598.88 and its two-hundred day moving average price is $598.17. The firm has a market cap of $24.44 billion, a P/E ratio of 93.76, a P/E/G ratio of 4.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31.

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

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company's stock, valued at $4,322,477. This trade represents a 46.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 in the last quarter. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies 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.