Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lowered its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,216 shares of the technology company's stock after selling 1,136 shares during the quarter. Centaurus Financial Inc.'s holdings in Tyler Technologies were worth $8,774,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in TYL. Larson Financial Group LLC lifted its holdings in shares of Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after buying an additional 31 shares in the last quarter. Sierra Ocean LLC bought a new stake in Tyler Technologies in the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its holdings in 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 in the last quarter. Kapitalo Investimentos Ltda bought a new stake in shares of Tyler Technologies during the 4th quarter valued at $40,000. Finally, OFI Invest Asset Management purchased a new position in shares of Tyler Technologies in the 4th quarter worth about $41,000. Institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. The Goldman Sachs Group upped their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Wells Fargo & Company cut their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Barclays lowered their price target on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Finally, Robert W. Baird decreased their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $687.82.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $2.48 during trading on Thursday, reaching $571.16. The company had a trading volume of 260,627 shares, compared to its average volume of 261,486. The firm has a market capitalization of $24.63 billion, a price-to-earnings ratio of 94.25, 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. The stock's fifty day moving average price is $561.50 and its 200 day moving average price is $587.33. Tyler Technologies, Inc. has a fifty-two week low of $458.50 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the company posted $2.20 earnings per share. Tyler Technologies's quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Brian K. Miller sold 3,333 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $568.46, for a total value of $1,894,677.18. Following the completion of the transaction, the chief financial officer now directly owns 11,231 shares in the company, valued at approximately $6,384,374.26. This represents a 22.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction on 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,781 shares of company stock worth $13,848,787. 1.10% of the stock is owned by corporate insiders.

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.