Universal Beteiligungs und Servicegesellschaft mbH Sells 3,626 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 13.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,166 shares of the technology company's stock after selling 3,626 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of Tyler Technologies worth $13,468,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Tyler Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock worth $654,406,000 after buying an additional 27,826 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Tyler Technologies by 6.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 998,927 shares of the technology company's stock worth $580,766,000 after purchasing an additional 59,554 shares during the period. Franklin Resources Inc. boosted its stake in Tyler Technologies by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after purchasing an additional 71,869 shares during the period. Norges Bank acquired a new position in Tyler Technologies in the 4th quarter worth approximately $528,465,000. Finally, GAMMA Investing LLC boosted its stake in Tyler Technologies by 57,694.7% in the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock worth $510,739,000 after purchasing an additional 876,960 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TYL shares. Robert W. Baird decreased their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research report on Tuesday, May 13th. Piper Sandler cut 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 report on Friday, April 25th. Finally, DA Davidson cut their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $685.09.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Friday, May 9th. The shares were sold at an average price of $558.86, for a total value of $2,794,300.00. Following the transaction, the insider owned 6,983 shares in the company, valued at $3,902,519.38. This trade represents a 41.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 3,333 shares of Tyler Technologies stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $568.46, for a total transaction of $1,894,677.18. Following the completion of the transaction, the chief financial officer owned 11,231 shares in the company, valued at $6,384,374.26. This trade represents a 22.89% decrease in their position. 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 quarter. Company insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded down $2.92 during midday trading on Monday, reaching $553.54. 57,303 shares of the company's stock traded hands, compared to its average volume of 277,575. The company has a market cap of $23.87 billion, a price-to-earnings ratio of 83.47, a price-to-earnings-growth ratio of 4.35 and a beta of 0.84. The company's 50 day simple moving average is $574.26 and its 200 day simple moving average is $578.52. Tyler Technologies, Inc. has a 52 week low of $513.52 and a 52 week high of $661.31.

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.