Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lowered its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 78.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 446 shares of the technology company's stock after selling 1,661 shares during the period. Cresset Asset Management LLC's holdings in Tyler Technologies were worth $257,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Tyler Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock worth $3,062,190,000 after acquiring an additional 62,420 shares during the period. Geode Capital Management LLC boosted its stake in Tyler Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock valued at $654,406,000 after acquiring an additional 27,826 shares in the last quarter. Franklin Resources Inc. boosted its stake in Tyler Technologies by 7.9% in the fourth quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock valued at $567,768,000 after acquiring an additional 71,869 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Tyler Technologies by 3.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock valued at $541,680,000 after acquiring an additional 35,198 shares in the last quarter. Finally, Norges Bank acquired a new stake in Tyler Technologies in the fourth quarter valued at approximately $528,465,000. Institutional investors own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wells Fargo & Company lowered 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 research note on Tuesday, April 22nd. The Goldman Sachs Group raised their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Barclays decreased their price target on shares of 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 cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Truist Financial reaffirmed a "buy" rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Four investment 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $687.82.

Insider Buying and Selling

In other news, Director Brenda A. Cline sold 2,500 shares of the stock in a transaction dated Friday, May 16th. The shares were 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 document filed with the SEC, which is available through this hyperlink. 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 transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. This trade represents a 46.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,962 shares of company stock worth $13,702,451 in the last 90 days. Company insiders own 1.10% of the company's stock.

Tyler Technologies Stock Down 0.0%

Shares of NYSE:TYL traded down $0.18 during trading hours on Friday, reaching $567.24. The stock had a trading volume of 181,225 shares, compared to its average volume of 260,914. Tyler Technologies, Inc. has a 1 year low of $458.50 and a 1 year high of $661.31. The firm's 50 day moving average is $561.52 and its 200-day moving average is $588.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market capitalization of $24.46 billion, a price-to-earnings ratio of 93.60, a P/E/G ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its 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 net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. During the same quarter in the prior year, the business posted $2.20 EPS. The company's revenue for the quarter was up 10.3% on a year-over-year basis. Research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share 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.