Blueshift Asset Management LLC Sells 1,202 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Blueshift Asset Management LLC lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 57.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 902 shares of the technology company's stock after selling 1,202 shares during the period. Blueshift Asset Management LLC's holdings in Tyler Technologies were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC raised its stake in Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after acquiring an additional 31 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Tyler Technologies during the fourth quarter valued at about $32,000. OFI Invest Asset Management bought a new stake in shares of Tyler Technologies during the fourth quarter valued at about $41,000. Smithfield Trust Co lifted its holdings in Tyler Technologies by 55.6% in the fourth 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. Finally, Private Trust Co. NA grew its position in Tyler Technologies by 51.8% in the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock valued at $49,000 after buying an additional 29 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TYL shares. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Barclays upped their price objective on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Piper Sandler raised their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

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Tyler Technologies Trading Up 1.1 %

Shares of TYL stock traded up $6.50 during trading hours on Tuesday, reaching $580.89. 175,786 shares of the stock traded hands, compared to its average volume of 240,957. The business has a fifty day moving average price of $599.16 and a 200 day moving average price of $597.96. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. 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 firm has a market capitalization of $25.04 billion, a PE ratio of 95.86, a PEG ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results 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%. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In other news, 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 transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. The trade was a 9.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is currently owned by company 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.