Johnson Investment Counsel Inc. Sells 2,034 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Johnson Investment Counsel Inc. trimmed its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 12.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 14,112 shares of the technology company's stock after selling 2,034 shares during the period. Johnson Investment Counsel Inc.'s holdings in Tyler Technologies were worth $8,138,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TYL. Van ECK Associates Corp boosted its holdings in Tyler Technologies by 1,991.8% in the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock worth $317,486,000 after buying an additional 524,259 shares during the period. Raymond James Financial Inc. bought a new position in Tyler Technologies in the 4th quarter worth approximately $159,947,000. JPMorgan Chase & Co. boosted its holdings in Tyler Technologies by 148.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock worth $269,369,000 after buying an additional 275,511 shares during the period. Seilern Investment Management Ltd bought a new position in Tyler Technologies in the 4th quarter worth approximately $105,549,000. Finally, Los Angeles Capital Management LLC boosted its holdings in Tyler Technologies by 2,291.7% in the 4th quarter. Los Angeles Capital Management LLC now owns 106,118 shares of the technology company's stock worth $61,192,000 after buying an additional 101,681 shares during the period. 93.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on TYL. StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Truist Financial reiterated a "buy" rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Barclays increased their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

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Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the sale, the insider now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock valued at $8,688,030 in the last three months. Company insiders own 2.20% of the company's stock.

Tyler Technologies Trading Up 1.9 %

Shares of TYL traded up $10.40 during trading hours on Friday, reaching $563.81. 290,602 shares of the company traded hands, compared to its average volume of 240,048. The company's fifty day moving average price is $598.95 and its two-hundred day moving average price is $598.28. The company has a market capitalization of $24.25 billion, a price-to-earnings ratio of 93.04, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. 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, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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 predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.