Ashford Capital Management Inc. Reduces Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Ashford Capital Management Inc. lowered its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,103 shares of the technology company's stock after selling 5,195 shares during the period. Tyler Technologies makes up approximately 2.6% of Ashford Capital Management Inc.'s investment portfolio, making the stock its 15th biggest holding. Ashford Capital Management Inc. owned approximately 0.09% of Tyler Technologies worth $21,972,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Barclays PLC lifted its stake in shares of Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after acquiring an additional 2,169 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock worth $269,369,000 after purchasing an additional 275,511 shares during the period. Merit Financial Group LLC purchased a new stake in Tyler Technologies in the fourth quarter worth $305,000. Ameritas Advisory Services LLC bought a new stake in shares of Tyler Technologies during the fourth quarter worth $288,000. Finally, Diversify Wealth Management LLC boosted its stake in shares of Tyler Technologies by 20.0% during the fourth quarter. Diversify Wealth Management LLC now owns 1,244 shares of the technology company's stock valued at $696,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Down 0.0%

NYSE:TYL traded down $0.18 during trading hours on Friday, reaching $567.24. The company's stock had a trading volume of 181,225 shares, compared to its average volume of 261,592. The stock has a 50 day moving average price of $561.52 and a two-hundred day moving average price of $588.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The company has a market capitalization of $24.46 billion, a P/E ratio of 93.60, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a 12 month low of $458.50 and a 12 month high of $661.31.

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 analysts' consensus estimates of $2.56 by $0.22. The company had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 earnings per share. Equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Truist Financial reaffirmed a "buy" rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. DA Davidson decreased their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Robert W. Baird lowered their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Needham & Company LLC restated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $687.82.

Insider Buying and Selling at Tyler Technologies

In other 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 transaction of $4,022,981.26. Following the sale, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. The trade was a 9.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,962 shares of company stock worth $13,702,451 over the last three months. Corporate insiders own 1.10% 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.