Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Bokf Na

Bokf Na trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 14.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,610 shares of the technology company’s stock after selling 274 shares during the period. Bokf Na’s holdings in Tyler Technologies were worth $901,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC raised its holdings in shares of Tyler Technologies by 2.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company’s stock worth $453,000 after purchasing an additional 18 shares during the period. Oregon Public Employees Retirement Fund lifted its position in Tyler Technologies by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock valued at $2,115,000 after buying an additional 20 shares in the last quarter. Kensington Investment Counsel LLC grew its stake in Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company’s stock worth $1,439,000 after buying an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares in the last quarter. Finally, Baron Wealth Management LLC lifted its holdings in shares of Tyler Technologies by 1.5% during the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock valued at $857,000 after acquiring an additional 22 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated 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 sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel M. Pope sold 365 shares of the company’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $550.00, for a total transaction of $200,750.00. Following the completion of the transaction, the director now owns 2,853 shares of the company’s stock, valued at approximately $1,569,150. This trade represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,429 shares of company stock valued at $8,888,780 over the last quarter. Insiders own 1.10% of the company’s stock.

Tyler Technologies Trading Up 1.0 %

NYSE:TYL opened at $563.52 on Friday. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31. 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 has a market cap of $24.30 billion, a PE ratio of 92.99, a P/E/G ratio of 4.93 and a beta of 0.88. The business’s 50 day moving average is $564.61 and its two-hundred day moving average is $591.08.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The firm had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analyst Weigh In

TYL has been the topic of a number of recent research reports. Truist Financial restated a “buy” rating and set a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, May 2nd. Robert W. Baird reduced their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. DA Davidson decreased their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, Barclays cut their price objective on shares of Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Four investment 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, Tyler Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $674.67.

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.