TimesSquare Capital Management LLC Sells 9,050 Shares of Tyler Technologies, Inc. (NYSE:TYL)

TimesSquare Capital Management LLC lessened its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 7.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,548 shares of the technology company's stock after selling 9,050 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.26% of Tyler Technologies worth $65,697,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TYL. Waldron Private Wealth LLC boosted its stake in shares of Tyler Technologies by 3.5% during the second quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company's stock valued at $360,000 after purchasing an additional 24 shares in the last quarter. Industrial Alliance Investment Management Inc. increased its holdings in shares of Tyler Technologies by 4.4% during the first quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company's stock valued at $295,000 after acquiring an additional 29 shares in the last quarter. George Kaiser Family Foundation grew its holdings in Tyler Technologies by 0.7% during the second quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company's stock worth $2,100,000 after buying an additional 29 shares in the last quarter. UMB Bank n.a. grew its holdings in Tyler Technologies by 2.4% during the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company's stock worth $790,000 after buying an additional 32 shares in the last quarter. Finally, Torray Investment Partners LLC boosted its position in Tyler Technologies by 0.3% in the second quarter. Torray Investment Partners LLC now owns 11,010 shares of the technology company's stock worth $5,536,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TYL shares. Wells Fargo & Company upped their target price on Tyler Technologies from $580.00 to $600.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Barclays raised their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Robert W. Baird lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Truist Financial restated a "buy" rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Finally, Needham & Company LLC lifted their target price on Tyler Technologies from $600.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, October 22nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $642.62.

Tyler Technologies Stock Performance

Tyler Technologies stock traded up $7.87 during midday trading on Friday, reaching $623.22. 307,195 shares of the stock traded hands, compared to its average volume of 251,486. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a fifty day moving average price of $590.93 and a two-hundred day moving average price of $542.35. The firm has a market cap of $26.67 billion, a price-to-earnings ratio of 113.73, a PEG ratio of 5.62 and a beta of 0.77. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $631.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same period in the previous year, the firm posted $1.66 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $45,436,500. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the company's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total value of $1,467,425.00. Following the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,014,291.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $45,436,500. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,100 shares of company stock valued at $17,746,270. 2.20% of the stock is owned by insiders.

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.