Victory Capital Management Inc. Sells 5,197 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Victory Capital Management Inc. lessened its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,961 shares of the technology company's stock after selling 5,197 shares during the quarter. Victory Capital Management Inc. owned approximately 0.09% of Tyler Technologies worth $15,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TYL. International Assets Investment Management LLC raised its position in shares of Tyler Technologies by 41,712.0% during the 4th quarter. International Assets Investment Management LLC now owns 52,265 shares of the technology company's stock worth $21,853,000 after acquiring an additional 52,140 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Tyler Technologies by 7.6% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company's stock valued at $465,000 after buying an additional 85 shares in the last quarter. Raymond James Trust N.A. grew its position in shares of Tyler Technologies by 4.9% in the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company's stock valued at $633,000 after buying an additional 71 shares during the last quarter. Nordea Investment Management AB raised its stake in Tyler Technologies by 4.6% during the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company's stock worth $1,091,000 after acquiring an additional 115 shares in the last quarter. Finally, DNB Asset Management AS purchased a new stake in Tyler Technologies in the fourth quarter valued at $5,040,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded up $2.92 during midday trading on Friday, hitting $484.76. The stock had a trading volume of 197,162 shares, compared to its average volume of 254,766. The company has a market capitalization of $20.58 billion, a PE ratio of 109.67, a P/E/G ratio of 4.50 and a beta of 0.76. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $488.71. The stock has a 50 day moving average price of $429.94 and a two-hundred day moving average price of $421.98. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued 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 business had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, equities analysts predict that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of the business's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,639,250. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total value of $4,359,800.00. Following the completion of the transaction, the chief executive officer now 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 ninety days, insiders have sold 63,529 shares of company stock worth $28,040,672. Corporate insiders own 2.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Oppenheimer raised their price objective on Tyler Technologies from $480.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Piper Sandler reaffirmed an "overweight" rating and set a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 24th. Needham & Company LLC reiterated a "buy" rating and issued a $500.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 25th. DA Davidson raised their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. upped their price target 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. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Tyler Technologies presently has an average 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.