Tyler Technologies, Inc. (NYSE:TYL) Stock Holdings Decreased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 14.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,575 shares of the technology company's stock after selling 618 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Tyler Technologies were worth $2,078,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TYL. Integrated Wealth Concepts LLC raised its stake in Tyler Technologies by 2.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after purchasing an additional 18 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of Tyler Technologies by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock valued at $169,000 after buying an additional 19 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Tyler Technologies by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock valued at $2,115,000 after buying an additional 20 shares during the period. Kensington Investment Counsel LLC lifted its stake in Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after acquiring an additional 20 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in Tyler Technologies by 1.5% in the 4th quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock worth $880,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. DA Davidson lowered their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Cantor Fitzgerald assumed coverage on shares of Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price target for the company. Robert W. Baird lowered their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Barclays cut their target price on shares of 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, Piper Sandler decreased their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $680.50.

Tyler Technologies Trading Up 0.2%

Shares of NYSE TYL opened at $569.57 on Monday. Tyler Technologies, Inc. has a one year low of $484.05 and a one year high of $661.31. The business has a fifty day simple moving average of $566.18 and a 200 day simple moving average of $582.42. The firm has a market capitalization of $24.56 billion, a price-to-earnings ratio of 85.78, a PEG ratio of 4.45 and a beta of 0.85.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The company had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. During the same period in the prior year, the company posted $2.20 EPS. The company's revenue was up 10.3% compared to the same quarter last year. On average, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the sale, the chief executive officer now owns 81,775 shares in the company, valued at approximately $47,853,094.50. This represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $580.72, for a total value of $696,864.00. Following the completion of the sale, the chief financial officer now owns 13,772 shares of the company's stock, valued at approximately $7,997,675.84. This trade represents a 8.01% decrease in their ownership of the stock. 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 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

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.

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