Capstone Investment Advisors LLC Reduces Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Capstone Investment Advisors LLC cut its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 44.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 875 shares of the technology company's stock after selling 694 shares during the quarter. Capstone Investment Advisors LLC's holdings in Tyler Technologies were worth $505,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Larson Financial Group LLC boosted its stake in shares of Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after purchasing an additional 31 shares in the last quarter. Sierra Ocean LLC bought a new position in Tyler Technologies in the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. raised its position in Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $40,000. Finally, OFI Invest Asset Management bought a new stake in Tyler Technologies during the 4th quarter worth approximately $41,000. Institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

TYL has been the subject of several recent research reports. StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Friday, May 2nd. Piper Sandler lowered their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Thursday, April 24th. Barclays cut their price target on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Finally, DA Davidson lowered their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Tyler Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $674.67.

Tyler Technologies Trading Down 0.5 %

NYSE:TYL traded down $2.75 during trading hours on Friday, hitting $560.06. The company had a trading volume of 191,735 shares, compared to its average volume of 258,387. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31. The company has a market capitalization of $24.15 billion, a PE ratio of 92.42, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The stock has a 50-day moving average price of $563.43 and a 200 day moving average price of $590.90.

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

Insider Buying and Selling

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares of the company's stock, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $550.00, for a total value of $200,750.00. Following the sale, the director now directly owns 2,853 shares in the company, valued at approximately $1,569,150. This represents a 11.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,462 shares of company stock valued at $9,464,626 over the last 90 days. Company insiders own 1.10% of the company's stock.

About Tyler Technologies

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.