Praesidium Investment Management Company LLC Has $34.96 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Praesidium Investment Management Company LLC trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,628 shares of the technology company's stock after selling 4,730 shares during the period. Tyler Technologies makes up about 5.9% of Praesidium Investment Management Company LLC's holdings, making the stock its 8th largest holding. Praesidium Investment Management Company LLC owned about 0.14% of Tyler Technologies worth $34,961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after acquiring an additional 31 shares in the last quarter. Sierra Ocean LLC purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at about $32,000. Brown Brothers Harriman & Co. raised its stake in shares of Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after purchasing an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda purchased a new position in Tyler Technologies during the fourth quarter worth about $40,000. Finally, OFI Invest Asset Management acquired a new position in Tyler Technologies during the 4th quarter worth approximately $41,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $4,322,477. This represents a 46.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 1,033 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $557.45, for a total value of $575,845.85. Following the transaction, the chief financial officer now directly owns 13,028 shares in the company, valued at $7,262,458.60. The trade was a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,462 shares of company stock valued at $12,258,926. Company insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded up $0.37 during trading on Tuesday, reaching $574.46. The company's stock had a trading volume of 70,779 shares, compared to its average volume of 277,770. Tyler Technologies, Inc. has a one year low of $458.50 and a one year high of $661.31. The firm has a market cap of $24.77 billion, a price-to-earnings ratio of 94.69, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The business's fifty day moving average price is $561.32 and its 200-day moving average price is $589.23. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The company had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. During the same period in the prior year, the business earned $2.20 earnings per share. Tyler Technologies's quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TYL shares. Needham & Company LLC reaffirmed a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a research note on Tuesday, May 13th. StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Truist Financial restated a "buy" rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Robert W. Baird lowered their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Piper Sandler cut their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $674.67.

Tyler Technologies 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.