Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC decreased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 147,228 shares of the technology company’s stock after selling 2,572 shares during the period. Tyler Technologies makes up approximately 1.1% of Stephens Investment Management Group LLC’s holdings, making the stock its 21st largest position. Stephens Investment Management Group LLC owned approximately 0.34% of Tyler Technologies worth $84,898,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in shares of Tyler Technologies by 252,047.5% in the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after purchasing an additional 307,498 shares during the period. JPMorgan Chase & Co. increased its stake in 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 buying an additional 275,511 shares during the period. Seilern Investment Management Ltd purchased a new position in Tyler Technologies during the 4th quarter worth $105,549,000. FMR LLC lifted its stake in shares of Tyler Technologies by 94.1% in the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company’s stock worth $63,812,000 after acquiring an additional 52,984 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Tyler Technologies by 120.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 81,487 shares of the technology company’s stock valued at $46,989,000 after acquiring an additional 44,584 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

NYSE:TYL opened at $606.07 on Friday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The firm has a market cap of $25.94 billion, a price-to-earnings ratio of 110.60, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78. The company’s 50-day moving average is $596.48 and its two-hundred day moving average is $591.73. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TYL shares. Needham & Company LLC reissued a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Truist Financial reaffirmed a “buy” rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Robert W. Baird raised their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $645.69.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The sale 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 stock in a transaction 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 directly owns 12,198 shares in the company, valued at approximately $7,709,257.98. This represents a 17.01 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,502 shares of company stock valued at $18,941,368. 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.