Toronto Dominion Bank Has $13.20 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Toronto Dominion Bank trimmed its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 98.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 22,885 shares of the technology company's stock after selling 2,152,852 shares during the period. Toronto Dominion Bank owned about 0.05% of Tyler Technologies worth $13,197,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its position 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. Sierra Ocean LLC acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. lifted its stake in shares of Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after purchasing an additional 42 shares during the period. Kapitalo Investimentos Ltda acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $41,000. 93.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Truist Financial reissued a "buy" rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Wells Fargo & Company cut their price target on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, May 13th. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Robert W. Baird dropped their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $687.82.

Tyler Technologies Stock Down 0.0%

Shares of TYL traded down $0.18 during midday trading on Friday, hitting $567.24. The stock had a trading volume of 181,225 shares, compared to its average volume of 260,914. The company has a 50 day simple moving average of $561.52 and a two-hundred day simple moving average of $588.49. Tyler Technologies, Inc. has a twelve month low of $458.50 and a twelve month high of $661.31. The firm 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. 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 (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) 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 firm 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 EPS. The company's revenue for the quarter was up 10.3% on a year-over-year basis. On average, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other news, Director Brenda A. Cline sold 2,500 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $577.41, for a total value of $1,443,525.00. Following the completion of the transaction, the director now owns 2,519 shares in the company, valued at $1,454,495.79. This trade represents a 49.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. The trade was a 46.21% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,962 shares of company stock valued at $13,702,451 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.