Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in Tyler Technologies, Inc. (NYSE:TYL) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,445 shares of the technology company’s stock after selling 109 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Tyler Technologies were worth $13,049,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TYL. YHB Investment Advisors Inc. purchased a new position in Tyler Technologies in the 1st quarter valued at $267,000. Duncker Streett & Co. Inc. lifted its stake in shares of Tyler Technologies by 5.1% in the first quarter. Duncker Streett & Co. Inc. now owns 3,285 shares of the technology company’s stock worth $1,910,000 after buying an additional 158 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Tyler Technologies by 0.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company’s stock worth $2,984,000 after buying an additional 31 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Tyler Technologies during the first quarter worth about $717,000. Finally, Canton Hathaway LLC purchased a new stake in Tyler Technologies during the 1st quarter valued at about $422,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total transaction of $215,100.00. Following the transaction, the insider now directly owns 247 shares in the company, valued at $141,679.20. This represents a 60.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total value of $3,072,195.00. Following the transaction, the chief executive officer now owns 81,775 shares of the company’s stock, valued at approximately $47,853,094.50. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock worth $15,177,230 over the last three months. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

TYL has been the subject of a number of recent research reports. Piper Sandler decreased their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Barclays cut their price target on Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating for the company in a report on Friday, April 25th. Wells Fargo & Company reduced their price objective on Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Robert W. Baird lowered their price objective on Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $680.50.

Tyler Technologies Stock Down 1.1%

TYL stock opened at $581.95 on Thursday. Tyler Technologies, Inc. has a 52-week low of $484.05 and a 52-week high of $661.31. The stock has a market cap of $25.09 billion, a price-to-earnings ratio of 87.64, a price-to-earnings-growth ratio of 4.60 and a beta of 0.84. The business has a fifty day moving average of $566.81 and a two-hundred day moving average of $582.16.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.22. The firm had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $2.20 EPS. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.