Nuveen Asset Management LLC Sells 1,367 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Nuveen Asset Management LLC cut its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 99,187 shares of the technology company's stock after selling 1,367 shares during the period. Nuveen Asset Management LLC owned 0.23% of Tyler Technologies worth $57,195,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Adage Capital Partners GP L.L.C. increased its stake in shares of Tyler Technologies by 20.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock worth $24,507,000 after purchasing an additional 7,300 shares during the period. Kensington Investment Counsel LLC increased its stake in shares of Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after purchasing an additional 20 shares during the period. Barclays PLC increased its stake in shares of Tyler Technologies by 2.5% in the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after purchasing an additional 2,169 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Tyler Technologies by 148.2% in the third 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. Finally, Swedbank AB increased its stake in shares of Tyler Technologies by 1.7% in the fourth quarter. Swedbank AB now owns 459,850 shares of the technology company's stock worth $265,168,000 after purchasing an additional 7,838 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Robert W. Baird decreased their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Piper Sandler decreased their target price on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Barclays decreased their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Truist Financial reissued a "buy" rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Finally, DA Davidson decreased 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. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $687.82.

Tyler Technologies Price Performance

NYSE TYL traded down $0.18 during trading on Friday, reaching $567.24. 181,225 shares of the company traded hands, compared to its average volume of 261,592. 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 stock's 50 day moving average price is $561.52 and its two-hundred day moving average price is $588.38. The company has a market cap of $24.46 billion, a price-to-earnings ratio of 93.60, a P/E/G ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31.

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. As a group, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,962 shares of company stock worth $13,702,451 in the last quarter. 1.10% of the stock is owned by corporate insiders.

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.