Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 0.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,688 shares of the technology company’s stock after selling 20 shares during the period. Frontier Capital Management Co. LLC’s holdings in Tyler Technologies were worth $6,740,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock worth $26,000 after purchasing an additional 31 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Tyler Technologies during the 4th quarter worth $32,000. Brown Brothers Harriman & Co. lifted its holdings in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at about $40,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on TYL shares. Wells Fargo & Company reduced their price target on Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Truist Financial reiterated a “buy” rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Robert W. Baird decreased their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $750.00 target price on shares of Tyler Technologies in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $674.67.

Tyler Technologies Price Performance

TYL opened at $560.06 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company’s 50-day moving average price is $563.43 and its 200 day moving average price is $590.90. Tyler Technologies, Inc. has a fifty-two week low of $458.50 and a fifty-two week high of $661.31. The firm has a market cap of $24.15 billion, a price-to-earnings ratio of 92.42, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.22. The business had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The business’s revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Activity

In other news, CFO Brian K. Miller sold 1,550 shares of the business’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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,462 shares of company stock valued at $9,464,626. 1.10% of the stock is currently owned by company insiders.

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.