Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,817 shares of the technology company's stock after selling 1,447 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Tyler Technologies worth $13,734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Larson Financial Group LLC grew its holdings in 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 buying an additional 31 shares in the last quarter. Sierra Ocean LLC acquired a new position in Tyler Technologies in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. increased its holdings in shares of Tyler Technologies by 300.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the last quarter. OFI Invest Asset Management purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at approximately $41,000. Finally, Smithfield Trust Co lifted its holdings in Tyler Technologies by 55.6% in the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after acquiring an additional 30 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TYL shares. Piper Sandler reduced 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. The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Needham & Company LLC reiterated a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a report on Thursday, April 24th. Truist Financial restated a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Finally, Wells Fargo & Company dropped their price objective on 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. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $674.67.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value 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 $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,064 shares of company stock valued at $8,688,030. Corporate insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

Shares of TYL traded down $2.72 during mid-day trading on Thursday, reaching $540.58. 249,915 shares of the company's stock were exchanged, compared to its average volume of 257,954. Tyler Technologies, Inc. has a 52-week low of $452.57 and a 52-week high of $661.31. 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 stock has a market capitalization of $23.31 billion, a PE ratio of 89.20, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. The business's fifty day simple moving average is $570.15 and its 200-day simple moving average is $592.32.

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

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.