Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 10.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,031 shares of the technology company's stock after acquiring an additional 888 shares during the quarter. ProShare Advisors LLC's holdings in Tyler Technologies were worth $5,208,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Larson Financial Group LLC boosted 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 purchased a new position in shares of Tyler Technologies during the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. boosted 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. Kapitalo Investimentos Ltda purchased a new position in shares of Tyler Technologies during the 4th quarter valued at approximately $40,000. Finally, OFI Invest Asset Management purchased a new position in shares of Tyler Technologies during the 4th quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

TYL has been the subject of several research analyst reports. Barclays reduced their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. DA Davidson reduced their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Robert W. Baird reduced their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company reduced their target price on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Truist Financial restated a "buy" rating and set a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $687.82.

Tyler Technologies Stock Performance

TYL traded down $0.18 during trading hours on Friday, hitting $567.24. 181,225 shares of the stock were exchanged, compared to its average volume of 261,592. Tyler Technologies, Inc. has a 12 month low of $458.50 and a 12 month high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a 50-day simple moving average of $561.52 and a 200-day simple moving average of $588.38. The stock has a market cap of $24.46 billion, a price-to-earnings ratio of 93.60, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued 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. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The firm had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. During the same period last year, the company earned $2.20 earnings per share. The firm's revenue for the quarter was up 10.3% on a year-over-year basis. Analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. This trade represents a 9.95% 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, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 22,962 shares of company stock valued at $13,702,451 over the last three months. Company insiders own 1.10% of the company's stock.

Tyler Technologies Company 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.