Tyler Technologies, Inc. (NYSE:TYL) Holdings Reduced by Montanaro Asset Management Ltd

Montanaro Asset Management Ltd trimmed its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 9.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,700 shares of the technology company's stock after selling 7,050 shares during the quarter. Tyler Technologies makes up approximately 5.1% of Montanaro Asset Management Ltd's holdings, making the stock its 5th biggest position. Montanaro Asset Management Ltd owned 0.15% of Tyler Technologies worth $27,052,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Tyler Technologies in the 4th quarter worth approximately $31,000. Headlands Technologies LLC bought a new stake in Tyler Technologies in the fourth quarter worth $40,000. Lindbrook Capital LLC raised its stake in Tyler Technologies by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company's stock valued at $49,000 after purchasing an additional 39 shares in the last quarter. Chilton Capital Management LLC bought a new position in Tyler Technologies during the fourth quarter valued at $52,000. Finally, Column Capital Advisors LLC grew its stake in shares of Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company's stock worth $56,000 after buying an additional 49 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TYL shares. DA Davidson upped their target price on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a "neutral" rating in a research report on Thursday, February 22nd. Oppenheimer raised their price objective on Tyler Technologies from $480.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Needham & Company LLC lifted their target price on Tyler Technologies from $500.00 to $600.00 and gave the stock a "buy" rating in a report on Tuesday. JMP Securities restated a "market outperform" rating and set a $490.00 price target on shares of Tyler Technologies in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. raised their price target 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $506.00.

Insiders Place Their Bets

In related news, insider John S. Marr, Jr. sold 6,500 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $437.49, for a total value of $2,843,685.00. Following the completion of the sale, the insider now directly owns 6,400 shares of the company's stock, valued at $2,799,936. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 1,849 shares of the business's stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $421.19, for a total value of $778,780.31. Following the completion of the transaction, the chief executive officer now directly owns 79,502 shares of the company's stock, valued at approximately $33,485,447.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 6,500 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the sale, the insider now owns 6,400 shares of the company's stock, valued at $2,799,936. The disclosure for this sale can be found here. Insiders have sold 62,549 shares of company stock worth $27,931,420 in the last ninety days. 1.50% of the stock is owned by company insiders.

Tyler Technologies Trading Up 0.4 %

Shares of NYSE TYL traded up $2.06 during mid-day trading on Tuesday, reaching $495.98. The company had a trading volume of 151,589 shares, compared to its average volume of 210,679. The stock has a market cap of $21.06 billion, a price-to-earnings ratio of 112.47, a price-to-earnings-growth ratio of 4.57 and a beta of 0.76. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $498.66. The business's 50-day moving average is $437.52 and its 200-day moving average is $427.16. 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, April 24th. The technology company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.26. The business had revenue of $512.36 million for the quarter, compared to the consensus estimate of $507.79 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. Equities analysts expect that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

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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