Vaughan Nelson Investment Management L.P. Has $57.81 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Vaughan Nelson Investment Management L.P. lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 19.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,040 shares of the technology company's stock after selling 24,213 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.23% of Tyler Technologies worth $57,811,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Independence Bank of Kentucky acquired a new stake in Tyler Technologies during the second quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies in the third quarter worth $27,000. Covestor Ltd increased its stake in Tyler Technologies by 153.6% during the first quarter. Covestor Ltd now owns 71 shares of the technology company's stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock worth $37,000 after buying an additional 56 shares during the last quarter. Finally, Lynx Investment Advisory acquired a new position in shares of Tyler Technologies in the 2nd quarter valued at about $38,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TYL. Robert W. Baird raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. JMP Securities upped their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a research note on Friday, October 25th. Needham & Company LLC raised their target price on Tyler Technologies from $600.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company upped their price target on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Finally, BTIG Research lifted their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $642.62.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total value of $1,467,425.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,014,291.50. The trade was a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,042,738.02. This represents a 41.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,600 shares of company stock valued at $19,307,295 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Stock Down 2.8 %

Shares of Tyler Technologies stock traded down $17.18 during trading on Friday, hitting $597.10. 252,742 shares of the stock traded hands, compared to its average volume of 268,664. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $25.56 billion, a P/E ratio of 108.96, a PEG ratio of 5.39 and a beta of 0.77. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $631.43. The company has a fifty day moving average price of $593.78 and a two-hundred day moving average price of $547.05.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 earnings per share. Equities research analysts predict that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

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.