US Bancorp DE Decreases Position in Tyler Technologies, Inc. (NYSE:TYL)

US Bancorp DE lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,898 shares of the technology company's stock after selling 436 shares during the period. US Bancorp DE's holdings in Tyler Technologies were worth $10,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Tyler Technologies during the third quarter valued at about $27,000. Sierra Ocean LLC acquired a new position in shares of Tyler Technologies during the fourth quarter valued at about $32,000. Private Trust Co. NA raised its holdings in shares of Tyler Technologies by 51.8% during the fourth 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. Quarry LP acquired a new position in shares of Tyler Technologies during the third quarter valued at about $78,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock valued at $78,000 after purchasing an additional 21 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the 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 sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the sale, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $7.66 on Thursday, reaching $617.48. 14,659 shares of the company traded hands, compared to its average volume of 236,546. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The company has a 50 day moving average of $599.61 and a 200 day moving average of $598.46. The firm has a market capitalization of $26.56 billion, a PE ratio of 101.76, a PEG ratio of 4.93 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TYL shares. Piper Sandler upped their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Wells Fargo & Company restated an "equal weight" rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. DA Davidson restated a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Barclays upped their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Tyler Technologies 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.