Curi RMB Capital LLC Cuts Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Curi RMB Capital LLC trimmed its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 0.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 104,150 shares of the technology company's stock after selling 645 shares during the quarter. Tyler Technologies comprises about 1.4% of Curi RMB Capital LLC's portfolio, making the stock its 12th biggest holding. Curi RMB Capital LLC owned approximately 0.24% of Tyler Technologies worth $60,057,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Tyler Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock valued at $3,062,190,000 after purchasing an additional 62,420 shares in the last quarter. Geode Capital Management LLC boosted its stake in Tyler Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock valued at $654,406,000 after buying an additional 27,826 shares in the last quarter. Franklin Resources Inc. grew its position in Tyler Technologies by 7.9% in the fourth quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock valued at $567,768,000 after acquiring an additional 71,869 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Tyler Technologies by 3.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock worth $541,680,000 after acquiring an additional 35,198 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Tyler Technologies in the fourth quarter worth about $528,465,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Trading Down 4.8 %

Shares of Tyler Technologies stock traded down $27.53 on Thursday, hitting $541.74. 449,926 shares of the company's stock traded hands, compared to its average volume of 254,616. Tyler Technologies, Inc. has a one year low of $415.24 and a one year high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The company has a fifty day moving average of $581.91 and a two-hundred day moving average of $594.75. The company has a market capitalization of $23.35 billion, a price-to-earnings ratio of 89.31, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84.

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

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock valued at $8,688,030 over the last ninety days. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research analyst reports. Truist Financial reiterated a "buy" rating and set a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Needham & Company LLC reiterated a "buy" rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. 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. DA Davidson reaffirmed a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, The Goldman Sachs Group lifted their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $674.58.

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.