CIBC Private Wealth Group LLC Has $6.37 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

CIBC Private Wealth Group LLC lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 4.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,068 shares of the technology company's stock after selling 557 shares during the quarter. CIBC Private Wealth Group LLC's holdings in Tyler Technologies were worth $6,367,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its stake in Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after purchasing an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $32,000. Brown Brothers Harriman & Co. lifted its position in shares of Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Tyler Technologies in the 4th quarter valued at about $41,000. Finally, Smithfield Trust Co boosted its holdings in shares of Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after buying an additional 30 shares during the period. Institutional investors own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the topic of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Piper Sandler raised their price target on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company restated an "equal weight" rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Barclays raised their target price on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Truist Financial restated a "buy" rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and an average target price of $676.25.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded down $30.28 during trading on Friday, reaching $539.40. The company had a trading volume of 475,644 shares, compared to its average volume of 251,072. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market capitalization of $23.25 billion, a PE ratio of 89.01, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. The firm's fifty day moving average is $598.37 and its 200 day moving average is $597.34.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) 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, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 1,550 shares of the company'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 owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on 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 transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock valued at $8,688,030 over the last three months. Company insiders own 2.20% of the company's stock.

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.