Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 42.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,437 shares of the technology company's stock after selling 3,280 shares during the quarter. Los Angeles Capital Management LLC's holdings in Tyler Technologies were worth $2,590,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maiden Cove Capital LLC purchased a new position in shares of Tyler Technologies during the third quarter worth approximately $583,000. Assetmark Inc. increased its position in shares of Tyler Technologies by 9.4% during the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company's stock worth $5,785,000 after acquiring an additional 854 shares during the period. Portside Wealth Group LLC purchased a new position in shares of Tyler Technologies during the third quarter worth approximately $259,000. QRG Capital Management Inc. increased its position in shares of Tyler Technologies by 21.1% during the third quarter. QRG Capital Management Inc. now owns 940 shares of the technology company's stock worth $549,000 after acquiring an additional 164 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Tyler Technologies by 626.3% during the third quarter. Robeco Institutional Asset Management B.V. now owns 42,450 shares of the technology company's stock worth $24,779,000 after acquiring an additional 36,605 shares during the period. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TYL shares. Robert W. Baird increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Truist Financial reiterated a "buy" rating and set a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. DA Davidson increased their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Needham & Company LLC increased their price objective on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Finally, JMP Securities increased their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $642.62.

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company's stock, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,014,291.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,600 shares of company stock valued at $19,307,295 over the last 90 days. Insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $2.61 on Wednesday, hitting $616.51. 243,866 shares of the company were exchanged, compared to its average volume of 229,711. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $631.43. The stock's 50 day moving average price is $592.85 and its 200 day moving average price is $545.06. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $26.39 billion, a P/E ratio of 112.50, a price-to-earnings-growth ratio of 5.59 and a beta of 0.77.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same period in the previous year, the firm posted $1.66 earnings per share. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.39 EPS for the current 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.