Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,187 shares of the technology company's stock after selling 1,367 shares during the period. Nuveen Asset Management LLC owned approximately 0.23% of Tyler Technologies worth $57,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TYL. Larson Financial Group LLC raised its stake in shares of Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after buying an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new stake in Tyler Technologies during the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. grew its holdings in Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after acquiring an additional 42 shares during the period. Kapitalo Investimentos Ltda purchased a new position in Tyler Technologies during the fourth quarter valued at approximately $40,000. Finally, OFI Invest Asset Management acquired a new position in Tyler Technologies in the fourth quarter valued at approximately $41,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TYL. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday. Truist Financial reaffirmed a "buy" rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Robert W. Baird lowered their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group raised their target price on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $687.82.

Insiders Place Their Bets

In other 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 value of $4,022,981.26. Following the completion of the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brian K. Miller sold 1,550 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares in the company, valued at $8,606,073.08. The trade was a 9.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,962 shares of company stock valued at $13,702,451 in the last 90 days. 1.10% of the stock is owned by insiders.

Tyler Technologies Price Performance

Tyler Technologies stock traded up $0.90 during midday trading on Thursday, reaching $567.72. The company had a trading volume of 164,576 shares, compared to its average volume of 260,566. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 12-month low of $458.50 and a 12-month high of $661.31. The company has a market capitalization of $24.48 billion, a P/E ratio of 93.68, a P/E/G ratio of 4.93 and a beta of 0.88. The firm's fifty day simple moving average is $561.82 and its 200-day simple moving average is $588.98.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The business had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. During the same quarter last year, the business posted $2.20 earnings per share. The business's quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.