Ossiam Sells 578 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Ossiam lowered its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,259 shares of the technology company's stock after selling 578 shares during the quarter. Ossiam's holdings in Tyler Technologies were worth $726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Tyler Technologies by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock valued at $3,062,190,000 after acquiring an additional 62,420 shares in the last quarter. Geode Capital Management LLC grew its holdings in Tyler Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock worth $654,406,000 after purchasing an additional 27,826 shares during the period. Franklin Resources Inc. increased its holdings in shares of Tyler Technologies by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after acquiring an additional 71,869 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Tyler Technologies by 3.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock worth $541,680,000 after buying an additional 35,198 shares during the period. Finally, Norges Bank acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $528,465,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. StockNews.com raised shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Thursday. Barclays reduced their price objective on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research note on Friday. Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Thursday. DA Davidson dropped their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research report on Friday. Finally, Truist Financial reiterated a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $674.67.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the sale, the chief executive officer now owns 75,734 shares of the company's stock, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 value of $951,049.00. Following the completion of the transaction, the chief financial officer now owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. This trade 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 worth $8,688,030 in the last three months. Company insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $6.70 on Friday, hitting $523.80. 543,886 shares of the company's stock were exchanged, compared to its average volume of 256,792. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market capitalization of $22.58 billion, a PE ratio of 86.44, a PEG ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 1 year low of $435.03 and a 1 year high of $661.31. The company has a 50-day simple moving average of $577.35 and a 200-day simple moving average of $593.91.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.56 by $0.22. The firm had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. During the same quarter last year, the company earned $2.20 earnings per share. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current 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.