Versor Investments LP Sells 4,056 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Versor Investments LP reduced its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 79.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,078 shares of the technology company's stock after selling 4,056 shares during the quarter. Versor Investments LP's holdings in Tyler Technologies were worth $622,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in Tyler Technologies by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock worth $645,585,000 after acquiring an additional 24,284 shares during the period. Franklin Resources Inc. boosted its position in Tyler Technologies by 2.0% during the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock worth $547,354,000 after purchasing an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Tyler Technologies by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock worth $527,785,000 after purchasing an additional 36,066 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Tyler Technologies by 1,991.8% in the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after purchasing an additional 524,259 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was 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 of the company's stock, valued at approximately $4,424,079.65. The trade was a 46.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The stock was 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 approximately $7,709,257.98. The trade was a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 21,766 shares of company stock worth $13,548,346 over the last ninety days. Insiders own 2.20% of the company's stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded up $11.63 on Tuesday, hitting $618.02. 204,504 shares of the company traded hands, compared to its average volume of 245,086. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The firm's 50-day simple moving average is $598.68 and its 200 day simple moving average is $598.02. The company has a market cap of $26.58 billion, a P/E ratio of 101.98, a P/E/G ratio of 4.93 and a beta of 0.78. 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 (NYSE:TYL - Get Free Report) last issued 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 return on equity of 10.15% and a net margin of 12.30%. Analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.