Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. reduced its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,679 shares of the technology company's stock after selling 38,623 shares during the period. Baird Financial Group Inc. owned 0.26% of Tyler Technologies worth $64,975,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC boosted its position in Tyler Technologies by 2.5% during the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after acquiring an additional 2,169 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Tyler Technologies in the third quarter valued at approximately $651,000. Tidal Investments LLC lifted its position in Tyler Technologies by 11.2% during the third quarter. Tidal Investments LLC now owns 2,412 shares of the technology company's stock worth $1,408,000 after buying an additional 243 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock worth $547,354,000 after acquiring an additional 17,943 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after purchasing an additional 275,511 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TYL shares. DA Davidson decreased their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Piper Sandler decreased their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Needham & Company LLC restated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Thursday, April 24th. Wells Fargo & Company lowered their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Truist Financial restated a "buy" rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $674.67.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $550.47 on Monday. The stock's 50-day moving average is $568.83 and its two-hundred day moving average is $592.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The company has a market cap of $23.74 billion, a price-to-earnings ratio of 90.84, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The firm had revenue of $562.43 million for the quarter, compared to analysts' expectations of $556.45 million. During the same quarter last year, the company earned $2.20 earnings per share. The firm's revenue was up 10.3% compared to the same quarter last year. Analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 1,550 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was 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 in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 1.10% of the company's stock.

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.

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