T. Rowe Price Investment Management Inc. Cuts Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

T. Rowe Price Investment Management Inc. decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,579,888 shares of the technology company's stock after selling 2,052 shares during the quarter. T. Rowe Price Investment Management Inc. owned 3.69% of Tyler Technologies worth $911,027,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Larson Financial Group LLC boosted its position in Tyler Technologies by 221.4% in the 4th 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 stake in shares of Tyler Technologies in the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its holdings in Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after purchasing an additional 42 shares during the period. OFI Invest Asset Management acquired a new position in Tyler Technologies during the 4th quarter worth $41,000. Finally, 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 during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TYL shares. Truist Financial reissued 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. Needham & Company LLC reiterated a "buy" rating and set a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company decreased their price objective on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Barclays dropped their target price on Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average target price of $674.58.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly 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 SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction dated 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 owns 6,983 shares of the company's stock, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 over the last 90 days. 1.10% of the stock is currently owned by insiders.

Tyler Technologies Stock Up 1.8 %

Shares of NYSE TYL opened at $565.55 on Wednesday. The stock has a market cap of $24.38 billion, a PE ratio of 93.33, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 52-week low of $412.70 and a 52-week high of $661.31. The business has a 50-day moving average price of $583.37 and a 200 day moving average price of $594.92. 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 (NYSE:TYL - Get Free Report) last posted its quarterly earnings data 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 net margin of 12.30% and a return on equity of 10.15%. Equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share 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.

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