Stephens Investment Management Group LLC Has $87.34 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Stephens Investment Management Group LLC lifted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 2.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,225 shares of the technology company's stock after buying an additional 2,997 shares during the period. Tyler Technologies comprises approximately 1.3% of Stephens Investment Management Group LLC's holdings, making the stock its 25th largest holding. Stephens Investment Management Group LLC owned approximately 0.35% of Tyler Technologies worth $87,339,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Tyler Technologies during the 4th quarter worth approximately $528,465,000. GAMMA Investing LLC grew its position in Tyler Technologies by 57,694.7% during the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after acquiring an additional 876,960 shares during the last quarter. Marshall Wace LLP grew its position in Tyler Technologies by 897.6% during the 4th quarter. Marshall Wace LLP now owns 112,210 shares of the technology company's stock worth $64,705,000 after acquiring an additional 100,962 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Tyler Technologies by 52.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 283,449 shares of the technology company's stock worth $163,448,000 after acquiring an additional 97,718 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Tyler Technologies by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after acquiring an additional 71,869 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TYL shares. Barclays decreased their price objective 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. Robert W. Baird decreased their price objective 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. Wells Fargo & Company decreased their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research report on Tuesday, May 13th. Finally, DA Davidson decreased their price objective 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. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $680.50.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 4,000 shares of the firm's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $568.66, for a total transaction of $2,274,640.00. Following the sale, the insider owned 6,983 shares of the company's stock, valued at approximately $3,970,952.78. This trade represents a 36.42% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 1,200 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $580.72, for a total value of $696,864.00. Following the sale, the chief financial officer directly owned 13,772 shares in the company, valued at $7,997,675.84. The trade was a 8.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,500 shares of company stock worth $15,177,230 in the last three months. 1.10% of the stock is owned by insiders.

Tyler Technologies Price Performance

Shares of TYL stock traded up $5.05 during trading hours on Wednesday, reaching $558.53. The company had a trading volume of 298,320 shares, compared to its average volume of 267,454. The company has a 50 day moving average of $575.10 and a 200 day moving average of $579.15. The firm has a market cap of $24.08 billion, a price-to-earnings ratio of 84.12, a P/E/G ratio of 4.32 and a beta of 0.84. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results 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 10.29% and a net margin of 13.23%. The firm's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.20 EPS. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal 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.