Oppenheimer Asset Management Inc. Sells 1,390 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Oppenheimer Asset Management Inc. trimmed its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,613 shares of the technology company's stock after selling 1,390 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.06% of Tyler Technologies worth $14,310,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC grew its holdings in Tyler Technologies by 221.4% in 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. Retirement Wealth Solutions LLC acquired a new position in shares of Tyler Technologies during the first quarter worth approximately $26,000. Brown Brothers Harriman & Co. boosted its position in shares of Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after acquiring an additional 42 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $40,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $41,000. 93.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $573.60, for a total value of $215,100.00. Following the transaction, the insider now directly owns 247 shares in the company, valued at $141,679.20. The trade was a 60.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $558.86, for a total transaction of $2,794,300.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $3,902,519.38. The trade was a 41.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock worth $15,177,230 over the last three months. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Robert W. Baird cut their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Cantor Fitzgerald started coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective on the stock. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. 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. Finally, Needham & Company LLC restated a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, May 13th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $680.50.

Tyler Technologies Trading Up 0.7%

NYSE TYL traded up $4.30 on Friday, reaching $581.50. The company's stock had a trading volume of 409,676 shares, compared to its average volume of 263,854. Tyler Technologies, Inc. has a 52 week low of $485.00 and a 52 week high of $661.31. The firm has a market cap of $25.07 billion, a PE ratio of 87.58, a price-to-earnings-growth ratio of 4.54 and a beta of 0.84. The business has a 50-day moving average price of $566.97 and a 200 day moving average price of $581.87.

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 the consensus estimate of $2.56 by $0.22. The company had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The company's revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 EPS. Analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal 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.