Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 52.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,553 shares of the technology company’s stock after selling 2,806 shares during the quarter. Schroder Investment Management Group’s holdings in Tyler Technologies were worth $1,478,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of TYL. Arrowstreet Capital Limited Partnership lifted its position in Tyler Technologies by 195.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 39,098 shares of the technology company’s stock valued at $22,545,000 after acquiring an additional 25,861 shares during the last quarter. Allstate Corp acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $714,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Tyler Technologies by 300.0% in the 4th 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. DnB Asset Management AS boosted its position in shares of Tyler Technologies by 11.9% in the 4th quarter. DnB Asset Management AS now owns 7,702 shares of the technology company’s stock valued at $4,441,000 after purchasing an additional 822 shares during the period. Finally, Pictet Asset Management Holding SA grew its stake in Tyler Technologies by 9.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 20,869 shares of the technology company’s stock worth $12,034,000 after buying an additional 1,846 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction 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 completion of the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were 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 directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,064 shares of company stock worth $8,688,030. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

TYL has been the subject of several research analyst reports. The Goldman Sachs Group increased their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Piper Sandler boosted their price target on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $676.25.

Tyler Technologies Trading Down 5.3 %

NYSE:TYL opened at $539.40 on Monday. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a fifty day moving average price of $598.37 and a two-hundred day moving average price of $597.34. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 89.01, a PEG ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.