Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 132,013 shares of the technology company's stock after selling 13,835 shares during the quarter. TimesSquare Capital Management LLC owned about 0.31% of Tyler Technologies worth $55,197,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Picton Mahoney Asset Management grew its holdings in shares of Tyler Technologies by 2.3% during the fourth quarter. Picton Mahoney Asset Management now owns 27,475 shares of the technology company's stock worth $11,488,000 after purchasing an additional 617 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Tyler Technologies by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 372,950 shares of the technology company's stock worth $155,938,000 after buying an additional 7,669 shares during the last quarter. Private Advisor Group LLC increased its position in Tyler Technologies by 16.6% during the fourth quarter. Private Advisor Group LLC now owns 814 shares of the technology company's stock worth $340,000 after buying an additional 116 shares during the period. National Bank of Canada FI lifted its stake in Tyler Technologies by 9.2% in the fourth quarter. National Bank of Canada FI now owns 9,847 shares of the technology company's stock valued at $4,020,000 after buying an additional 833 shares during the last quarter. Finally, TCG Advisory Services LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $532,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Price Performance

NYSE TYL traded up $0.82 during trading hours on Thursday, reaching $481.84. The company's stock had a trading volume of 176,287 shares, compared to its average volume of 214,443. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $485.40. The stock has a market cap of $20.46 billion, a PE ratio of 108.60, a PEG ratio of 4.38 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.94 and a current ratio of 0.94. The company's 50-day moving average is $428.17 and its two-hundred day moving average is $420.40.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 9.35% and a net margin of 9.50%. Analysts forecast that Tyler Technologies, Inc. will post 7.14 EPS for the current year.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 1,849 shares of Tyler Technologies stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $421.19, for a total transaction of $778,780.31. Following the sale, the chief executive officer now directly owns 79,502 shares of the company's stock, valued at $33,485,447.38. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 1,849 shares of Tyler Technologies stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the sale, the chief executive officer now owns 79,502 shares in the company, valued at $33,485,447.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Glenn A. Carter sold 1,650 shares of the firm's stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the transaction, the director now directly owns 2,011 shares of the company's stock, valued at $880,496.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,529 shares of company stock worth $28,040,672. 1.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of recent research reports. Oppenheimer increased their price target on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. 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. Piper Sandler reissued an "overweight" rating and set a $520.00 target price on shares of Tyler Technologies in a research note on Wednesday, April 24th. 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, Robert W. Baird raised their target price on Tyler Technologies from $500.00 to $525.00 and gave the company an "outperform" rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $492.22.

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.

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