Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 99,748 shares of the technology company's stock after selling 6,370 shares during the period. Los Angeles Capital Management LLC owned approximately 0.23% of Tyler Technologies worth $57,992,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TYL. Retirement Wealth Solutions LLC bought a new position in shares of Tyler Technologies during the 1st quarter worth $26,000. Mowery & Schoenfeld Wealth Management LLC boosted its position in Tyler Technologies by 820.0% during the 1st quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after acquiring an additional 41 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in shares of Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after buying an additional 42 shares during the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Tyler Technologies by 221.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock worth $35,000 after purchasing an additional 42 shares during the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new position in Tyler Technologies in the fourth quarter valued at $40,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Robert W. Baird cut their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Barclays reduced their price target 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. Wells Fargo & Company decreased their price objective on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Cantor Fitzgerald initiated coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price target for the company. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $680.50.

Tyler Technologies Trading Up 0.6%

NYSE:TYL traded up $3.49 during mid-day trading on Friday, reaching $564.75. The company's stock had a trading volume of 253,510 shares, compared to its average volume of 268,209. The firm's fifty day moving average price is $575.15 and its two-hundred day moving average price is $579.00. The stock has a market cap of $24.35 billion, a P/E ratio of 85.05, a PEG ratio of 4.41 and a beta of 0.84. Tyler Technologies, Inc. has a 12-month low of $513.52 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.22. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The business's quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.20 EPS. 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 news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction that occurred on 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 directly owned 81,775 shares in the company, valued at approximately $47,853,094.50. This represents a 6.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the sale, the insider directly owned 247 shares in the company, valued at $141,679.20. The trade was a 60.29% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 26,500 shares of company stock worth $15,177,230. 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.