Bell Bank Has $1.06 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Bell Bank decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 22.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,816 shares of the technology company's stock after selling 535 shares during the period. Bell Bank's holdings in Tyler Technologies were worth $1,056,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Tyler Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock valued at $3,062,190,000 after buying an additional 62,420 shares during the last quarter. Geode Capital Management LLC lifted 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 acquiring an additional 27,826 shares during 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 worth $567,768,000 after acquiring an additional 71,869 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Tyler Technologies by 3.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock worth $541,680,000 after purchasing an additional 35,198 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Tyler Technologies during the 4th quarter worth $528,465,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Price Performance

Shares of TYL stock traded down $7.82 during mid-day trading on Tuesday, reaching $581.32. The company's stock had a trading volume of 246,718 shares, compared to its average volume of 264,446. 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 firm's 50-day moving average is $565.56 and its two-hundred day moving average is $583.99. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31. The company has a market cap of $25.07 billion, a P/E ratio of 95.93, a PEG ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last released 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 company's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 earnings per share. On average, research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Daniel M. Pope sold 365 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $550.00, for a total value of $200,750.00. Following the transaction, the director now directly owns 2,853 shares of the company's stock, valued at $1,569,150. The trade was a 11.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $558.86, for a total value of $2,794,300.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at $3,902,519.38. This represents a 41.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,300 shares of company stock worth $14,480,366 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler lowered their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Cantor Fitzgerald started coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. Barclays lowered their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company cut their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, Robert W. Baird decreased 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. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and an average target price of $680.50.

Tyler Technologies Company 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.