Tyler Technologies, Inc. (NYSE:TYL) Stake Lowered by SVB Wealth LLC

SVB Wealth LLC decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 27.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,924 shares of the technology company's stock after selling 6,128 shares during the period. SVB Wealth LLC's holdings in Tyler Technologies were worth $6,658,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LifePlan Financial LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $485,000. Mackenzie Financial Corp raised its stake in shares of Tyler Technologies by 7.1% during the fourth quarter. Mackenzie Financial Corp now owns 2,619 shares of the technology company's stock worth $1,095,000 after purchasing an additional 173 shares during the last quarter. Waldron Private Wealth LLC raised its stake in shares of Tyler Technologies by 9.5% during the fourth quarter. Waldron Private Wealth LLC now owns 636 shares of the technology company's stock worth $265,000 after purchasing an additional 55 shares during the last quarter. Strs Ohio lifted its holdings in shares of Tyler Technologies by 18.6% during the fourth quarter. Strs Ohio now owns 4,175 shares of the technology company's stock worth $1,745,000 after purchasing an additional 654 shares during the period. Finally, Louisiana State Employees Retirement System acquired a new position in Tyler Technologies in the 4th quarter valued at $1,045,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,500 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was 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 of the company's stock, valued at $2,738,048. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Brian K. Miller sold 2,500 shares of the company's stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $421.27, for a total transaction of $1,053,175.00. Following the transaction, the chief financial officer now owns 16,160 shares of the company's stock, valued at $6,807,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the sale, the insider now owns 6,400 shares in the company, valued at approximately $2,738,048. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,608 shares of company stock valued at $21,974,819. 1.50% of the stock is owned by corporate insiders.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded up $3.62 on Wednesday, hitting $402.84. The company's stock had a trading volume of 261,778 shares, compared to its average volume of 204,301. The company has a market capitalization of $17.10 billion, a P/E ratio of 103.56, a price-to-earnings-growth ratio of 3.94 and a beta of 0.81. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $454.74. The firm has a fifty day moving average price of $424.84 and a 200-day moving average price of $413.56. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.06. The company had revenue of $480.94 million during 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%. On average, equities research analysts expect that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on TYL shares. Piper Sandler raised their target price on shares of Tyler Technologies from $480.00 to $520.00 and gave the stock an "overweight" rating in a research note on Friday, February 16th. Needham & Company LLC boosted their target price on Tyler Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, February 15th. JMP Securities reissued a "market outperform" rating and set a $490.00 target price on shares of Tyler Technologies in a research note on Friday, February 16th. DA Davidson lifted their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a "neutral" rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Tyler Technologies from $500.00 to $526.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. Three equities 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 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.