Rhumbline Advisers Sells 454 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Rhumbline Advisers trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 0.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 91,788 shares of the technology company's stock after selling 454 shares during the period. Rhumbline Advisers owned approximately 0.21% of Tyler Technologies worth $52,929,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TYL. Ashton Thomas Securities LLC bought a new position in Tyler Technologies during the 3rd quarter valued at approximately $27,000. Quarry LP bought a new position in shares of Tyler Technologies during the third quarter valued at $78,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after purchasing an additional 21 shares during the last quarter. Brooklyn Investment Group bought a new position in Tyler Technologies in the 3rd quarter worth about $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Tyler Technologies in the 3rd quarter worth about $82,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $5.59 during trading hours on Friday, reaching $624.50. 60,251 shares of the stock traded hands, compared to its average volume of 239,392. 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 $26.73 billion, a price-to-earnings ratio of 102.80, a P/E/G ratio of 5.04 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $597.45 and a 200 day moving average price of $596.01.

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 (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares of the company's stock, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total transaction of $1,580,025.00. Following the completion of the sale, the chief financial officer now directly owns 12,198 shares of the company's stock, valued at approximately $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock valued at $18,941,368 in the last 90 days. Company insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

TYL has been the topic of several analyst reports. Oppenheimer upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Barclays upped their price objective on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group lifted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday. Needham & Company LLC restated a "buy" rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Finally, Truist Financial reaffirmed a "buy" rating and set a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

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.