Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 54.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,120 shares of the technology company's stock after selling 4,976 shares during the quarter. Snowden Capital Advisors LLC's holdings in Tyler Technologies were worth $2,376,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. lifted its stake in Tyler Technologies by 20.7% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock valued at $24,507,000 after acquiring an additional 7,300 shares in the last quarter. Kensington Investment Counsel LLC grew its holdings in shares of Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares in the last quarter. Barclays PLC raised its holdings in Tyler Technologies by 2.5% during the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after acquiring an additional 2,169 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after purchasing an additional 275,511 shares during the last quarter. Finally, Swedbank AB increased its position in shares of Tyler Technologies by 1.7% during the 4th quarter. Swedbank AB now owns 459,850 shares of the technology company's stock worth $265,168,000 after purchasing an additional 7,838 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

Tyler Technologies stock traded up $0.63 during midday trading on Friday, hitting $568.05. The stock had a trading volume of 55,144 shares, compared to its average volume of 260,212. The company has a market capitalization of $24.50 billion, a PE ratio of 93.66, a P/E/G ratio of 4.93 and a beta of 0.88. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm's fifty day moving average is $561.66 and its two-hundred day moving average is $588.75. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week 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 earnings per share (EPS) for the quarter, beating 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 business had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. During the same period in the prior year, the business posted $2.20 earnings per share. The company's quarterly revenue was up 10.3% compared to the same quarter last year. On average, research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This trade represents a 46.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Daniel M. Pope sold 365 shares of the business's stock in a transaction dated 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 in the company, valued at $1,569,150. The trade was a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,962 shares of company stock valued at $13,702,451 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on TYL shares. Barclays reduced their price target on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Wall Street Zen downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday. Piper Sandler decreased their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research report on Friday, April 25th. Truist Financial restated a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average price target of $687.82.

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.