Tyler Technologies, Inc. (NYSE:TYL) Stock Position Cut by Truist Financial Corp

Truist Financial Corp cut its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 44.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,365 shares of the technology company's stock after selling 2,669 shares during the period. Truist Financial Corp's holdings in Tyler Technologies were worth $1,940,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TYL. Ashton Thomas Securities LLC acquired a new stake in shares of Tyler Technologies in the third quarter worth approximately $27,000. Sierra Ocean LLC acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $32,000. Quarry LP acquired a new position in shares of Tyler Technologies in the 3rd quarter valued at $78,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of 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 buying an additional 21 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in shares of Tyler Technologies during the 3rd quarter worth $79,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. StockNews.com cut Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Needham & Company LLC reaffirmed a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. DA Davidson reissued a "neutral" rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Piper Sandler boosted their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $676.25.

Insider Buying and Selling

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total value of $3,801,300.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 21,766 shares of company stock worth $13,548,346. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Stock Up 0.4 %

Shares of NYSE TYL traded up $2.25 during trading on Friday, reaching $607.66. 325,547 shares of the stock were exchanged, compared to its average volume of 244,776. The company has a market capitalization of $26.14 billion, a price-to-earnings ratio of 100.27, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. The business's 50-day moving average price is $598.45 and its 200 day moving average price is $597.73. 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 twelve month low of $397.80 and a twelve month high of $661.31.

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