Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors reduced its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 26.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,227 shares of the technology company's stock after selling 1,172 shares during the period. Captrust Financial Advisors' holdings in Tyler Technologies were worth $1,861,000 as of its most recent SEC filing.

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

Tyler Technologies Price Performance

NYSE:TYL traded up $4.13 during midday trading on Friday, hitting $576.86. The company had a trading volume of 182,465 shares, compared to its average volume of 260,689. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week high of $661.31. The stock's fifty day moving average price is $561.21 and its 200-day moving average price is $589.43. The company has a market capitalization of $24.88 billion, a PE ratio of 95.19, a P/E/G ratio of 4.93 and a beta of 0.88. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Piper Sandler cut their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. StockNews.com upgraded Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, May 10th. Wells Fargo & Company cut their target price on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, DA Davidson dropped their price target on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $674.67.

Insider Activity

In other news, CFO Brian K. Miller sold 1,033 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $557.45, for a total value of $575,845.85. Following the sale, the chief financial officer now owns 13,028 shares in the company, valued at $7,262,458.60. This represents a 7.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,462 shares of company stock worth $12,258,926 over the last 90 days. 1.10% of the stock is currently owned by insiders.

About Tyler Technologies

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.