Capstone Investment Advisors LLC Trims Stake in Tyler Technologies, Inc. (NYSE:TYL)

Capstone Investment Advisors LLC decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 44.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 875 shares of the technology company's stock after selling 694 shares during the period. Capstone Investment Advisors LLC's holdings in Tyler Technologies were worth $505,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TYL. Larson Financial Group LLC increased its stake in shares of Tyler Technologies by 221.4% during the fourth 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 shares of Tyler Technologies during the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its stake in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies during the 4th quarter valued at about $40,000. Finally, OFI Invest Asset Management bought a new stake in Tyler Technologies during the 4th quarter valued at about $41,000. Institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on TYL shares. Robert W. Baird decreased their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Barclays dropped their price objective on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Wells Fargo & Company decreased their target price on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. DA Davidson dropped their price target 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. Finally, StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $674.67.

Tyler Technologies Price Performance

NYSE:TYL traded down $2.75 during trading hours on Friday, hitting $560.06. 191,735 shares of the stock traded hands, compared to its average volume of 258,633. The company has a market cap of $24.15 billion, a price-to-earnings ratio of 92.42, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a 1 year low of $458.50 and a 1 year high of $661.31. The stock has a 50 day moving average price of $563.43 and a 200 day moving average price of $590.96. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

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

Insider Buying and Selling

In other news, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $550.00, for a total transaction of $200,750.00. Following the completion of the transaction, the director now owns 2,853 shares in the company, valued at $1,569,150. This trade represents a 11.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business'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 completion of the sale, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,462 shares of company stock worth $9,464,626. 1.10% of the stock is owned by insiders.

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.