Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,691 shares of the technology company's stock after selling 1,002 shares during the period. Victory Capital Management Inc. owned approximately 0.07% of Tyler Technologies worth $16,544,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TYL. Geode Capital Management LLC increased its position in shares of Tyler Technologies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock valued at $645,585,000 after acquiring an additional 24,284 shares during the period. Franklin Resources Inc. raised its stake in shares of Tyler Technologies by 2.0% in 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 last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Tyler Technologies by 4.2% during 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 during the period. Van ECK Associates Corp boosted its holdings in shares of Tyler Technologies by 1,991.8% in the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after acquiring an additional 524,259 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock worth $269,369,000 after purchasing an additional 275,511 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

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Tyler Technologies Stock Down 2.8 %

Shares of TYL traded down $15.84 during midday trading on Thursday, hitting $552.87. The company had a trading volume of 312,690 shares, compared to its average volume of 239,889. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The firm has a market capitalization of $23.78 billion, a P/E ratio of 91.23, a P/E/G ratio of 4.93 and a beta of 0.80. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The company's 50-day simple moving average is $599.39 and its 200-day simple moving average is $598.60.

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

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 6,752 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the sale, the chief financial officer now owns 11,918 shares in the company, valued at approximately $7,314,672.50. This represents a 36.16 % 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, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies 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 completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,816 shares of company stock worth $12,832,070 over the last ninety days. Corporate insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TYL shares. Truist Financial reaffirmed a "buy" rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Piper Sandler boosted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group raised their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Needham & Company LLC restated a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. Finally, DA Davidson reiterated a "neutral" rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

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.