TimesSquare Capital Management LLC Sells 5,781 Shares of Tyler Technologies, Inc. (NYSE:TYL)

TimesSquare Capital Management LLC decreased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 106,767 shares of the technology company's stock after selling 5,781 shares during the quarter. TimesSquare Capital Management LLC owned 0.25% of Tyler Technologies worth $61,566,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Ashton Thomas Securities LLC purchased a new position in shares of Tyler Technologies in the third quarter worth approximately $27,000. Sierra Ocean LLC acquired a new position in Tyler Technologies in the 4th quarter worth approximately $32,000. Quarry LP purchased a new position in Tyler Technologies during the 3rd quarter worth approximately $78,000. MassMutual Private Wealth & Trust FSB raised its stake in Tyler Technologies by 18.4% during the 4th 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. Finally, Brooklyn Investment Group purchased a new stake in shares of Tyler Technologies in the third quarter valued at $79,000. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Down 1.5 %

Shares of NYSE:TYL traded down $9.37 on Friday, reaching $620.72. The company had a trading volume of 28,916 shares, compared to its average volume of 238,269. The stock has a market capitalization of $26.57 billion, a P/E ratio of 102.13, a P/E/G ratio of 5.04 and a beta of 0.78. The stock has a 50-day moving average price of $597.45 and a 200 day moving average price of $596.01. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month 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.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TYL shares. Truist Financial reiterated a "buy" rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson reaffirmed a "neutral" rating and set a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. StockNews.com raised shares of Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, 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 research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the transaction, the chief financial officer now owns 12,198 shares in the company, valued at $7,709,257.98. This trade represents a 17.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares of the company's stock, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,502 shares of company stock worth $18,941,368. 2.20% of the stock is owned by insiders.

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.