ProShare Advisors LLC Acquires 888 Shares of Tyler Technologies, Inc. (NYSE:TYL)

ProShare Advisors LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 10.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,031 shares of the technology company's stock after acquiring an additional 888 shares during the period. ProShare Advisors LLC's holdings in Tyler Technologies were worth $5,208,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Larson Financial Group LLC grew its position in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after purchasing an additional 31 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Tyler Technologies in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. increased 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 worth $32,000 after purchasing an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Tyler Technologies in the 4th quarter valued at about $40,000. Finally, OFI Invest Asset Management bought a new stake in shares of Tyler Technologies in the 4th quarter valued at about $41,000. Institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price 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. Truist Financial reaffirmed a "buy" rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson dropped their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Needham & Company LLC reaffirmed a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, May 13th. Finally, Robert W. Baird dropped their target price 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. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $687.82.

Insider Activity at Tyler Technologies

In other news, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total transaction of $200,750.00. Following the completion of the transaction, the director now owns 2,853 shares of the company's stock, valued at approximately $1,569,150. This trade represents a 11.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction on 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 transaction, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at $46,772,561.06. The trade was a 7.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,962 shares of company stock valued at $13,702,451 in the last quarter. Insiders own 1.10% of the company's stock.

Tyler Technologies Price Performance

Shares of NYSE 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 260,914. 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 company has a market cap of $24.46 billion, a PE ratio of 93.60, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The company's fifty day simple moving average is $561.52 and its two-hundred day simple moving average is $588.49. 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 issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating 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 net margin of 12.30% and a return on equity of 10.15%. The firm's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.20 EPS. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.