Motley Fool Wealth Management LLC Reduces Stake in Tyler Technologies, Inc. (NYSE:TYL)

Motley Fool Wealth Management LLC cut its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,769 shares of the technology company's stock after selling 767 shares during the quarter. Motley Fool Wealth Management LLC owned 0.06% of Tyler Technologies worth $13,675,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Tyler Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock worth $3,062,190,000 after acquiring an additional 62,420 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Tyler Technologies by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock valued at $645,585,000 after purchasing an additional 24,284 shares during the period. Franklin Resources Inc. grew its stake in shares of Tyler Technologies by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock valued at $547,354,000 after buying an additional 17,943 shares during the period. Van ECK Associates Corp increased its position in Tyler Technologies by 1,991.8% in the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after buying an additional 524,259 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock worth $269,369,000 after buying an additional 275,511 shares during the period. 93.30% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

TYL has been the subject of a number of research reports. Needham & Company LLC reissued a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Truist Financial restated a "buy" rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. DA Davidson reissued a "neutral" rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, Wells Fargo & Company restated an "equal weight" rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies Stock Performance

Tyler Technologies stock traded up $0.99 during mid-day trading on Friday, reaching $579.39. 297,612 shares of the company's stock were exchanged, compared to its average volume of 248,500. The business's fifty day simple moving average is $599.76 and its 200 day simple moving average is $597.62. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. 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 $24.98 billion, a PE ratio of 95.61, a P/E/G ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its 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 Activity

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The stock was 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 disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock valued at $8,688,030 in the last three months. Company insiders own 2.20% of the company's stock.

Tyler Technologies 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.