Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 77.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 991 shares of the technology company's stock after selling 3,330 shares during the period. Edgestream Partners L.P.'s holdings in Tyler Technologies were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Leelyn Smith LLC raised its holdings in shares of Tyler Technologies by 0.9% during the first quarter. Leelyn Smith LLC now owns 2,122 shares of the technology company's stock worth $1,234,000 after purchasing an additional 19 shares during the last quarter. Securian Asset Management Inc. raised its holdings in shares of Tyler Technologies by 4.4% during the first quarter. Securian Asset Management Inc. now owns 2,379 shares of the technology company's stock worth $1,383,000 after purchasing an additional 100 shares during the last quarter. Stephens Investment Management Group LLC raised its holdings in shares of Tyler Technologies by 2.0% during the first quarter. Stephens Investment Management Group LLC now owns 150,225 shares of the technology company's stock worth $87,339,000 after purchasing an additional 2,997 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in shares of Tyler Technologies by 16.2% during the first quarter. Diversify Wealth Management LLC now owns 1,446 shares of the technology company's stock worth $772,000 after purchasing an additional 202 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of Tyler Technologies by 2.2% during the first quarter. Xponance Inc. now owns 9,179 shares of the technology company's stock worth $5,337,000 after purchasing an additional 198 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

TYL traded down $3.58 on Monday, reaching $560.78. 182,712 shares of the company's stock were exchanged, compared to its average volume of 267,868. The stock has a market cap of $24.18 billion, a PE ratio of 84.45, a P/E/G ratio of 4.41 and a beta of 0.84. Tyler Technologies, Inc. has a twelve month low of $513.52 and a twelve month high of $661.31. The stock's fifty day moving average price is $575.15 and its 200-day moving average price is $579.00.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly 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 analyst estimates of $556.45 million. Tyler Technologies had a net margin of 13.23% and a return on equity of 10.29%. Tyler Technologies's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.20 earnings per share. As a group, research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Brenda A. Cline sold 2,500 shares of the business's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $577.41, for a total value of $1,443,525.00. Following the transaction, the director directly owned 2,519 shares in the company, valued at $1,454,495.79. The trade was a 49.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 shares were sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the completion of the transaction, the chief executive officer owned 81,775 shares in the company, valued at $47,853,094.50. The trade was a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,500 shares of company stock valued at $15,177,230. Insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TYL shares. Piper Sandler reduced their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Robert W. Baird cut their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. DA Davidson cut their price objective on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, Barclays cut their price objective on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.