Ashford Capital Management Inc. Sells 5,195 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Ashford Capital Management Inc. lessened its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,103 shares of the technology company's stock after selling 5,195 shares during the quarter. Tyler Technologies accounts for approximately 2.6% of Ashford Capital Management Inc.'s portfolio, making the stock its 15th largest holding. Ashford Capital Management Inc. owned about 0.09% of Tyler Technologies worth $21,972,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Tyler Technologies by 2.5% in 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. raised its position in Tyler Technologies by 148.2% in the 3rd 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 bought a new stake in Tyler Technologies in the fourth quarter worth $305,000. Ameritas Advisory Services LLC bought a new stake in Tyler Technologies in the fourth quarter worth $288,000. Finally, Diversify Wealth Management LLC boosted its position in 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 buying an additional 207 shares during the period. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Daniel M. Pope sold 365 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $550.00, for a total value of $200,750.00. Following the sale, the director now owns 2,853 shares in the company, valued at approximately $1,569,150. This represents a 11.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at $46,772,561.06. This represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,462 shares of company stock valued at $12,258,926. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Price Performance

TYL stock opened at $574.25 on Tuesday. 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, Inc. has a 1 year low of $458.50 and a 1 year high of $661.31. The firm has a 50-day moving average of $561.32 and a 200 day moving average of $589.23. The company has a market cap of $24.76 billion, a P/E ratio of 94.76, a PEG ratio of 4.93 and a beta of 0.88.

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. The firm 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 business's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.20 EPS. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TYL shares. Robert W. Baird lowered their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Truist Financial reissued a "buy" rating and set a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. The Goldman Sachs Group lifted their target price 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. DA Davidson cut their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Tyler Technologies has an average rating of "Moderate Buy" and a consensus price target of $674.67.

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.

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