Vaughan Nelson Investment Management L.P. Sells 31,071 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Vaughan Nelson Investment Management L.P. lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 26.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,564 shares of the technology company's stock after selling 31,071 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.20% of Tyler Technologies worth $35,776,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TYL. Norges Bank purchased a new position in shares of Tyler Technologies in the 4th quarter worth approximately $164,642,000. Alliancebernstein L.P. lifted its stake in Tyler Technologies by 26.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,719,257 shares of the technology company's stock valued at $554,306,000 after purchasing an additional 357,779 shares during the last quarter. Morgan Stanley lifted its stake in Tyler Technologies by 21.1% in the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company's stock valued at $392,208,000 after purchasing an additional 177,242 shares during the last quarter. Select Equity Group L.P. lifted its stake in Tyler Technologies by 101.0% in the first quarter. Select Equity Group L.P. now owns 327,305 shares of the technology company's stock valued at $116,075,000 after purchasing an additional 164,478 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Tyler Technologies by 122.1% in the first quarter. JPMorgan Chase & Co. now owns 213,701 shares of the technology company's stock valued at $75,788,000 after purchasing an additional 117,500 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Analysts Set New Price Targets

TYL has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. JMP Securities reiterated a "market outperform" rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. Needham & Company LLC upped their price objective on Tyler Technologies from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Piper Sandler upped their price objective on Tyler Technologies from $480.00 to $520.00 and gave the company an "overweight" rating in a research note on Friday, February 16th. Finally, DA Davidson upped their price objective on Tyler Technologies from $412.00 to $434.00 and gave the company a "neutral" rating in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $457.86.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded up $0.41 during trading on Friday, hitting $415.18. The stock had a trading volume of 210,101 shares, compared to its average volume of 209,276. The firm has a market cap of $17.62 billion, a price-to-earnings ratio of 106.73, a P/E/G ratio of 4.09 and a beta of 0.81. Tyler Technologies, Inc. has a 12 month low of $342.59 and a 12 month high of $454.74. The business's 50-day moving average is $428.10 and its 200 day moving average is $412.40. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $480.94 million for the quarter, compared to analysts' expectations of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,500 shares of the company's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the transaction, the insider now owns 6,400 shares of the company's stock, valued at $2,738,048. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Glenn A. Carter sold 1,650 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total value of $722,436.00. Following the transaction, the director now owns 2,011 shares of the company's stock, valued at $880,496.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the transaction, the insider now directly owns 6,400 shares in the company, valued at approximately $2,738,048. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,608 shares of company stock valued at $21,974,819. 2.20% of the stock is currently owned by company 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.