Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 43.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,919 shares of the technology company's stock after selling 5,423 shares during the period. DekaBank Deutsche Girozentrale's holdings in Tyler Technologies were worth $2,871,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of TYL. Tritonpoint Wealth LLC acquired a new position in Tyler Technologies during the 4th quarter valued at approximately $649,000. Reliant Investment Management LLC increased its stake in Tyler Technologies by 1.1% during the 4th quarter. Reliant Investment Management LLC now owns 13,350 shares of the technology company's stock valued at $5,582,000 after buying an additional 145 shares during the period. International Assets Investment Management LLC lifted its position in Tyler Technologies by 41,712.0% in the fourth quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company's stock worth $21,853,000 after purchasing an additional 52,140 shares during the period. Arizona State Retirement System boosted its stake in Tyler Technologies by 1.1% during the 4th quarter. Arizona State Retirement System now owns 11,565 shares of the technology company's stock valued at $4,836,000 after purchasing an additional 127 shares in the last quarter. Finally, WoodTrust Financial Corp acquired a new position in shares of Tyler Technologies during the 4th quarter valued at $231,000. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at $32,639,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of Tyler Technologies stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the business's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total value of $4,359,800.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at approximately $32,698,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,608 shares of company stock valued at $21,974,819. Company insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

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

Tyler Technologies Stock Up 0.1 %

TYL traded up $0.50 during trading on Friday, reaching $413.36. The company had a trading volume of 293,890 shares, compared to its average volume of 207,444. The business's fifty day moving average price is $426.66 and its 200 day moving average price is $413.27. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. Tyler Technologies, Inc. has a 12 month low of $358.06 and a 12 month high of $454.74. The company has a market cap of $17.54 billion, a P/E ratio of 106.26, a PEG ratio of 4.06 and a beta of 0.81.

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

About Tyler Technologies

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.