Comerica Bank Trims Position in Tyler Technologies, Inc. (NYSE:TYL)

Comerica Bank lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,991 shares of the technology company's stock after selling 865 shares during the quarter. Comerica Bank's holdings in Tyler Technologies were worth $9,798,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Integrated Wealth Concepts LLC grew its holdings in shares of Tyler Technologies by 2.3% during 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 boosted its stake in Tyler Technologies by 0.5% in 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 acquiring an additional 20 shares in the last quarter. Kensington Investment Counsel LLC boosted its holdings in shares of Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after buying an additional 21 shares during the last quarter. Finally, Baron Wealth Management LLC increased its stake in Tyler Technologies by 1.5% in the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock valued at $857,000 after buying an additional 22 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TYL shares. Robert W. Baird dropped their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Wells Fargo & Company cut their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 24th. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday, May 2nd. Finally, Piper Sandler dropped their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research 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 stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $674.67.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were 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 of the company's stock, valued at approximately $4,322,477. This represents a 46.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,429 shares of company stock worth $8,888,780 over the last three months. Company insiders own 1.10% of the company's stock.

Tyler Technologies Trading Up 1.0 %

NYSE TYL traded up $5.38 on Wednesday, reaching $558.05. The company had a trading volume of 188,518 shares, compared to its average volume of 258,353. Tyler Technologies, Inc. has a fifty-two week low of $458.50 and a fifty-two week high of $661.31. The business has a 50 day moving average of $566.45 and a two-hundred day moving average of $591.47. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 92.09, a P/E/G ratio of 4.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data 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 return on equity of 10.15% and a net margin of 12.30%. The business had revenue of $562.43 million for the quarter, compared to analysts' expectations of $556.45 million. During the same period last year, the business earned $2.20 EPS. The business's revenue was up 10.3% on a year-over-year basis. Analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.