Tyler Technologies, Inc. (NYSE:TYL) Stock Holdings Lifted by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC boosted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 121.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 860 shares of the technology company's stock after purchasing an additional 471 shares during the period. Frank Rimerman Advisors LLC's holdings in Tyler Technologies were worth $496,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Postrock Partners LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth $363,000. Commonwealth Equity Services LLC grew its stake in shares of Tyler Technologies by 37.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,968 shares of the technology company's stock worth $6,901,000 after purchasing an additional 3,241 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Tyler Technologies by 3.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 67,928 shares of the technology company's stock worth $39,333,000 after purchasing an additional 2,420 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Tyler Technologies by 33.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,838 shares of the technology company's stock worth $2,213,000 after purchasing an additional 952 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Tyler Technologies by 1,666.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the technology company's stock worth $275,000 after purchasing an additional 450 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

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Analyst Upgrades and Downgrades

TYL has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Barclays upped their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. DA Davidson reiterated a "neutral" rating and issued a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group raised their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $676.25.

Tyler Technologies Price Performance

Shares of TYL stock traded down $9.86 during midday trading on Thursday, reaching $568.19. 215,855 shares of the company were exchanged, compared to its average volume of 239,884. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a market cap of $24.44 billion, a P/E ratio of 93.76, a PEG ratio of 4.93 and a beta of 0.80. The company's 50 day moving average price is $598.88 and its two-hundred day moving average price is $598.17. 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 (NYSE:TYL - Get Free Report) last released 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%. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares of the company's stock, valued at $46,772,561.06. The trade was a 7.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock valued at $8,688,030 in the last quarter. Insiders own 2.20% of the company's stock.

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.