Prudential Financial Inc. Has $13.23 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Prudential Financial Inc. cut its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 10.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,951 shares of the technology company's stock after selling 2,562 shares during the quarter. Prudential Financial Inc. owned about 0.05% of Tyler Technologies worth $13,234,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Larson Financial Group LLC boosted its holdings in shares of Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after buying an additional 31 shares during the period. Sierra Ocean LLC acquired a new position in Tyler Technologies in the 4th quarter worth $32,000. OFI Invest Asset Management acquired a new position in Tyler Technologies in the 4th quarter worth $41,000. Smithfield Trust Co increased its holdings in Tyler Technologies by 55.6% during the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock worth $48,000 after purchasing an additional 30 shares in the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Tyler Technologies by 51.8% in the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock valued at $49,000 after purchasing an additional 29 shares during the period. 93.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company reiterated an "equal weight" rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. The Goldman Sachs Group raised their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. DA Davidson reissued a "neutral" rating and issued a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Barclays raised their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Piper Sandler boosted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

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Tyler Technologies Stock Performance

NYSE:TYL traded up $2.91 on Tuesday, hitting $584.30. The company's stock had a trading volume of 222,073 shares, compared to its average volume of 249,474. The company has a current ratio of 1.35, a quick ratio of 1.21 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 stock has a fifty day moving average of $599.99 and a two-hundred day moving average of $597.72. The firm has a market capitalization of $25.19 billion, a P/E ratio of 96.42, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly 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 predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now directly owns 75,734 shares in the company, 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. In the last 90 days, insiders sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is owned by insiders.

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.