Schroder Investment Management Group Sells 2,806 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Schroder Investment Management Group lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 52.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,553 shares of the technology company's stock after selling 2,806 shares during the quarter. Schroder Investment Management Group's holdings in Tyler Technologies were worth $1,478,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TYL. Larson Financial Group LLC grew its stake in shares of Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after purchasing an additional 31 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Tyler Technologies in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. grew its position in shares of Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the period. OFI Invest Asset Management acquired a new position in Tyler Technologies in the fourth quarter valued at approximately $41,000. Finally, Smithfield Trust Co raised its position in shares of Tyler Technologies by 55.6% during the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

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Tyler Technologies Stock Up 1.9 %

TYL traded up $10.83 during trading on Friday, hitting $568.42. The company had a trading volume of 209,332 shares, compared to its average volume of 253,846. The company has a market capitalization of $24.50 billion, a PE ratio of 93.80, a PEG ratio of 4.93 and a beta of 0.84. 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 one year low of $397.80 and a one year high of $661.31. The firm's 50-day moving average price is $590.08 and its 200 day moving average price is $595.48.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies 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 trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the business'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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,064 shares of company stock valued at $8,688,030. 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.