United Capital Financial Advisors LLC Sells 453 Shares of Tyler Technologies, Inc. (NYSE:TYL)

United Capital Financial Advisors LLC reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 27.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,218 shares of the technology company's stock after selling 453 shares during the quarter. United Capital Financial Advisors LLC's holdings in Tyler Technologies were worth $702,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Oak Thistle LLC raised its position in Tyler Technologies by 213.7% during the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company's stock valued at $1,342,000 after purchasing an additional 1,586 shares during the last quarter. Kensington Investment Counsel LLC raised its holdings in shares of Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares in the last quarter. Diversified Trust Co purchased a new stake in Tyler Technologies in the fourth quarter worth $596,000. Fiduciary Alliance LLC bought a new stake in Tyler Technologies in the fourth quarter valued at $1,594,000. Finally, Barclays PLC increased its position in Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company's stock valued at $51,543,000 after purchasing an additional 2,169 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Up 1.0 %

TYL stock traded up $5.83 during midday trading on Wednesday, hitting $569.67. The company's stock had a trading volume of 371,829 shares, compared to its average volume of 253,549. The firm's 50-day moving average is $581.91 and its 200-day moving average is $594.75. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12 month low of $412.70 and a 12 month high of $661.31. The company has a market cap of $24.56 billion, a PE ratio of 94.01, a P/E/G ratio of 4.93 and a beta of 0.84.

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

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 1,550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 over the last three months. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TYL. Piper Sandler lifted their target price 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. The Goldman Sachs Group lifted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Truist Financial reissued a "buy" rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Barclays dropped their price target on Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and ten have issued 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 $674.58.

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.