Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Buckhead Capital Management LLC

Buckhead Capital Management LLC trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,791 shares of the technology company’s stock after selling 103 shares during the period. Buckhead Capital Management LLC’s holdings in Tyler Technologies were worth $3,916,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of Tyler Technologies by 1,991.8% in the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock valued at $317,486,000 after purchasing an additional 524,259 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Tyler Technologies by 49.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 149,562 shares of the technology company’s stock worth $85,953,000 after purchasing an additional 49,508 shares in the last quarter. Portfolio Design Labs LLC purchased a new position in Tyler Technologies in the fourth quarter valued at $315,000. Axecap Investments LLC increased its holdings in Tyler Technologies by 45.0% in the fourth quarter. Axecap Investments LLC now owns 4,825 shares of the technology company’s stock valued at $2,782,000 after buying an additional 1,497 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in Tyler Technologies by 54.6% in the fourth quarter. Empowered Funds LLC now owns 3,588 shares of the technology company’s stock valued at $2,069,000 after buying an additional 1,267 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $47,355,750. This trade represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,502 shares of company stock worth $18,941,368 over the last 90 days. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TYL has been the subject of several analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Truist Financial reissued a “buy” rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, JMP Securities lifted their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research note on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and a consensus price target of $645.69.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $648.18 on Friday. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The stock has a market capitalization of $27.74 billion, a price-to-earnings ratio of 118.28, a PEG ratio of 4.78 and a beta of 0.78. The company has a 50-day simple moving average of $595.47 and a 200-day simple moving average of $593.32. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. On average, analysts predict that Tyler Technologies, Inc. will post 7.36 EPS 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.