Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 83.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,332 shares of the technology company's stock after purchasing an additional 4,712 shares during the quarter. Corient Private Wealth LLC's holdings in Tyler Technologies were worth $5,958,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of TYL. Oregon Public Employees Retirement Fund grew its stake in 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 valued at $2,115,000 after acquiring an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Tyler Technologies by 18.4% in the fourth 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 last quarter. Baron Wealth Management LLC lifted its position in Tyler Technologies by 1.5% during the fourth 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 grew its holdings in Tyler Technologies by 3.9% in the 4th quarter. Choreo LLC now owns 647 shares of the technology company's stock valued at $374,000 after buying an additional 24 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. boosted its position in shares of Tyler Technologies by 2.2% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,123 shares of the technology company's stock valued at $648,000 after acquiring an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

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Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of the 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 transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the business's 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 sale, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock valued at $8,688,030 over the last quarter. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on TYL. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Barclays raised their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. DA Davidson reaffirmed a "neutral" rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, Piper Sandler boosted their target price on Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $676.25.

Tyler Technologies Stock Down 0.5 %

Shares of TYL traded down $2.77 during midday trading on Wednesday, hitting $577.53. The company had a trading volume of 206,006 shares, compared to its average volume of 240,785. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The firm has a market capitalization of $24.89 billion, a P/E ratio of 95.30, 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. The company's 50-day simple moving average is $599.38 and its 200-day simple moving average is $597.96.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS 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%. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current 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.