Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 301,638 shares of the technology company’s stock after selling 20,478 shares during the quarter. Bank of America Corp DE owned about 0.70% of Tyler Technologies worth $173,936,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in Tyler Technologies by 221.4% in the fourth 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 during the last quarter. Sierra Ocean LLC acquired a new stake in Tyler Technologies during the 4th quarter valued at approximately $32,000. Brown Brothers Harriman & Co. boosted 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 acquiring an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies in the fourth quarter worth $40,000. Finally, OFI Invest Asset Management purchased a new position in shares of Tyler Technologies during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Thursday, April 24th. Robert W. Baird reduced their price target on Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Barclays lowered 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. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Piper Sandler dropped their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $674.67.

Insider Activity

In related news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel M. Pope sold 365 shares of Tyler Technologies stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the sale, the director now owns 2,853 shares in the company, valued at $1,569,150. This represents a 11.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,462 shares of company stock valued at $9,464,626 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Tyler Technologies Trading Down 0.5 %

Shares of TYL stock opened at $560.06 on Friday. The stock’s fifty day moving average is $563.43 and its two-hundred day moving average is $590.90. 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 firm has a market capitalization of $24.15 billion, a P/E ratio of 92.42, a PEG ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a fifty-two week low of $458.50 and a fifty-two week high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping 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 firm had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. During the same quarter last year, the business posted $2.20 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Tyler Technologies 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.