Montanaro Asset Management Ltd Sells 4,565 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Montanaro Asset Management Ltd trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,960 shares of the technology company's stock after selling 4,565 shares during the period. Tyler Technologies accounts for about 6.2% of Montanaro Asset Management Ltd's investment portfolio, making the stock its biggest holding. Montanaro Asset Management Ltd owned approximately 0.14% of Tyler Technologies worth $35,000,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TYL. Swedbank AB bought a new stake in shares of Tyler Technologies during the second quarter worth approximately $251,390,000. International Assets Investment Management LLC increased its stake in Tyler Technologies by 252,047.5% in the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock valued at $179,564,000 after purchasing an additional 307,498 shares in the last quarter. Janus Henderson Group PLC increased its stake in Tyler Technologies by 15.3% in the first quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company's stock valued at $226,501,000 after purchasing an additional 70,801 shares in the last quarter. Quantum Capital Management LLC NJ increased its stake in Tyler Technologies by 179.4% in the first quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company's stock valued at $45,799,000 after purchasing an additional 69,189 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Tyler Technologies by 18.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company's stock valued at $180,622,000 after purchasing an additional 65,814 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

TYL has been the subject of several recent analyst reports. Oppenheimer upped their target price 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. Piper Sandler upped their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. BTIG Research upped their target price on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a "buy" rating in a research note on Friday, July 26th. DA Davidson upped their target price 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. Finally, Evercore ISI upgraded shares of Tyler Technologies to a "hold" rating in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $642.62.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $4,042,738.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $4,042,738.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the company's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,014,291.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,100 shares of company stock valued at $17,746,270. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Up 1.3 %

TYL traded up $7.87 during trading hours on Friday, hitting $623.22. 307,195 shares of the company's stock were exchanged, compared to its average volume of 251,486. 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 is $590.93 and its two-hundred day moving average is $541.48. The stock has a market cap of $26.67 billion, a price-to-earnings ratio of 113.73, a PEG ratio of 5.62 and a beta of 0.77. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results 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 analysts' expectations of $547.34 million. During the same quarter in the prior year, the company posted $1.66 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal 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.