Tower Research Capital LLC TRC Decreases Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Tower Research Capital LLC TRC cut its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,537 shares of the technology company's stock after selling 1,011 shares during the quarter. Tower Research Capital LLC TRC's holdings in Tyler Technologies were worth $2,040,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TYL. Larson Financial Group LLC increased its position 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 in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. boosted its holdings in Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after acquiring an additional 42 shares during the period. OFI Invest Asset Management purchased a new stake in shares of Tyler Technologies during the fourth quarter worth $41,000. Finally, Smithfield Trust Co grew 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 acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,000 shares of the 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 directly owns 6,983 shares in the company, valued at approximately $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the sale, the chief financial officer now owns 14,026 shares in the company, 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. In the last ninety days, insiders sold 14,064 shares of company stock valued at $8,688,030. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Stock Down 1.3 %

Shares of NYSE:TYL traded down $6.70 during trading on Friday, hitting $523.80. 543,886 shares of the company were exchanged, compared to its average volume of 255,807. The firm has a fifty day moving average price of $577.35 and a two-hundred day moving average price of $593.91. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 86.44, a P/E/G ratio of 4.93 and a beta of 0.84. 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 fifty-two week low of $452.57 and a fifty-two week high of $661.31.

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

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent research reports. Piper Sandler decreased their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research note on Friday. Robert W. Baird cut their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday. StockNews.com raised shares of Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Thursday. Barclays lowered their price target on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday. Finally, Wells Fargo & Company cut their target price on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $674.67.

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.