Tyler Technologies, Inc. (NYSE:TYL) Holdings Decreased by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,110 shares of the technology company's stock after selling 500 shares during the quarter. Tyler Technologies makes up 1.6% of Astoria Portfolio Advisors LLC.'s portfolio, making the stock its 15th biggest position. Astoria Portfolio Advisors LLC.'s holdings in Tyler Technologies were worth $4,617,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Exchange Traded Concepts LLC grew its stake in Tyler Technologies by 12.6% during the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock worth $291,000 after buying an additional 56 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Tyler Technologies by 20.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock valued at $24,507,000 after acquiring an additional 7,300 shares during the period. Kensington Investment Counsel LLC grew its position in shares of Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after acquiring an additional 20 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Tyler Technologies by 0.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock worth $2,984,000 after acquiring an additional 31 shares during the last quarter. Finally, CX Institutional acquired a new stake in shares of Tyler Technologies in the 1st quarter worth about $176,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 3,333 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $568.46, for a total value of $1,894,677.18. Following the completion of the transaction, the chief financial officer owned 11,231 shares in the company, valued at $6,384,374.26. This trade represents a 22.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total value of $3,072,195.00. Following the sale, the chief executive officer owned 81,775 shares in the company, valued at approximately $47,853,094.50. The trade was a 6.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,500 shares of company stock worth $15,177,230 over the last three months. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Price Performance

Shares of TYL traded up $7.39 during midday trading on Friday, reaching $590.47. The stock had a trading volume of 173,785 shares, compared to its average volume of 263,436. The company has a market capitalization of $25.46 billion, a P/E ratio of 88.93, a P/E/G ratio of 4.61 and a beta of 0.84. The firm's 50 day moving average price is $571.25 and its 200-day moving average price is $580.67. Tyler Technologies, Inc. has a 52 week low of $503.54 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a net margin of 13.23% and a return on equity of 10.29%. Tyler Technologies's revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 EPS. On average, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

TYL has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on shares of 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 decreased their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. DA Davidson lowered their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Cantor Fitzgerald began coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price target for the company. Finally, Piper Sandler decreased their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $680.50.

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.