Oppenheimer Asset Management Inc. Sells 1,986 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Oppenheimer Asset Management Inc. cut its position in Tyler Technologies, Inc. (NYSE:TYL) by 7.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,003 shares of the technology company’s stock after selling 1,986 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.06% of Tyler Technologies worth $14,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of TYL. Van ECK Associates Corp boosted its stake in Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock valued at $317,486,000 after buying an additional 524,259 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Tyler Technologies by 148.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after acquiring an additional 275,511 shares in the last quarter. Seilern Investment Management Ltd bought a new stake in shares of Tyler Technologies during the 4th quarter valued at about $105,549,000. Los Angeles Capital Management LLC grew its holdings in shares of Tyler Technologies by 2,291.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 106,118 shares of the technology company’s stock worth $61,192,000 after purchasing an additional 101,681 shares in the last quarter. Finally, TCW Group Inc. bought a new position in shares of Tyler Technologies in the fourth quarter worth approximately $36,099,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Down 1.8 %

NYSE TYL opened at $605.16 on Friday. The stock has a 50-day moving average of $598.17 and a 200-day moving average of $597.36. 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 1-year low of $397.80 and a 1-year high of $661.31. The firm has a market cap of $26.03 billion, a PE ratio of 99.86, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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%. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analysts Set New Price Targets

TYL has been the subject of several research analyst reports. The Goldman Sachs Group lifted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Piper Sandler lifted their price objective 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. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Finally, Truist Financial reiterated a “buy” rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $676.25.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the company’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 transaction of $1,580,025.00. Following the completion of the transaction, the chief financial officer now owns 12,198 shares of the company’s stock, valued at $7,709,257.98. This represents a 17.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on 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 directly owns 6,983 shares of the company’s stock, valued at $4,424,079.65. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,252 shares of company stock valued at $9,525,365 in the last quarter. Company insiders own 2.20% of the company’s stock.

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.