Montanaro Asset Management Ltd Has $30.19 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Montanaro Asset Management Ltd decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,360 shares of the technology company's stock after selling 7,600 shares during the period. Tyler Technologies comprises 6.2% of Montanaro Asset Management Ltd's holdings, making the stock its largest holding. Montanaro Asset Management Ltd owned approximately 0.12% of Tyler Technologies worth $30,193,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Oak Thistle LLC lifted its holdings in shares of Tyler Technologies by 213.7% in the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company's stock worth $1,342,000 after acquiring an additional 1,586 shares during the last quarter. Kensington Investment Counsel LLC grew its stake in shares of Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after purchasing an additional 20 shares during the last quarter. Diversified Trust Co acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at about $596,000. Fiduciary Alliance LLC acquired a new stake in Tyler Technologies during the 4th quarter valued at approximately $1,594,000. Finally, Barclays PLC raised its stake in Tyler Technologies by 2.5% during the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after buying an additional 2,169 shares during the last quarter. 93.30% of the stock is owned by institutional investors.

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Insider Activity

In other news, CFO Brian K. Miller sold 1,550 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TYL. DA Davidson reiterated a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Piper Sandler upped 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. The Goldman Sachs Group increased their price objective 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. Truist Financial reiterated a "buy" rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $676.25.

Tyler Technologies Price Performance

NYSE:TYL traded down $6.97 during trading hours on Monday, hitting $572.69. The stock had a trading volume of 103,466 shares, compared to its average volume of 256,542. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The firm has a market capitalization of $24.69 billion, a price-to-earnings ratio of 94.50, a P/E/G ratio of 4.93 and a beta of 0.80. The company has a 50 day simple moving average of $599.76 and a two-hundred day simple moving average of $597.71.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced 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%. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal 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.