Ossiam Sells 578 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Ossiam lessened its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 31.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,259 shares of the technology company’s stock after selling 578 shares during the period. Ossiam’s holdings in Tyler Technologies were worth $726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Tyler Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company’s stock worth $3,062,190,000 after purchasing an additional 62,420 shares during the period. Geode Capital Management LLC grew its stake in Tyler Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company’s stock worth $654,406,000 after buying an additional 27,826 shares in the last quarter. Franklin Resources Inc. increased its holdings in Tyler Technologies by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company’s stock valued at $567,768,000 after buying an additional 71,869 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Tyler Technologies by 3.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company’s stock valued at $541,680,000 after buying an additional 35,198 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $528,465,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on TYL. DA Davidson restated a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Wells Fargo & Company restated an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, April 11th. Truist Financial restated a “buy” rating and issued a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Finally, Barclays cut their target price on shares of Tyler Technologies from $715.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and an average target price of $675.00.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares of the company’s stock, valued at $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, 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 Trading Down 2.4 %

Shares of TYL stock opened at $556.36 on Tuesday. The stock has a 50-day moving average of $585.02 and a 200-day moving average of $595.13. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market cap of $23.98 billion, a price-to-earnings ratio of 91.81, a PEG ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 1-year low of $403.65 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last released 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 return on equity of 10.15% and a net margin of 12.30%. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current 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.