Vaughan Nelson Investment Management L.P. Sells 3,420 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Vaughan Nelson Investment Management L.P. lowered its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 95,620 shares of the technology company’s stock after selling 3,420 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Tyler Technologies were worth $55,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC raised its stake in Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after acquiring an additional 307,498 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after buying an additional 275,511 shares during the last quarter. Seilern Investment Management Ltd acquired a new position in shares of Tyler Technologies during the fourth quarter worth $105,549,000. FMR LLC increased its holdings in shares of Tyler Technologies by 94.1% during the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock worth $63,812,000 after buying an additional 52,984 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Tyler Technologies by 120.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 81,487 shares of the technology company’s stock valued at $46,989,000 after acquiring an additional 44,584 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $606.07 on Friday. The firm has a 50 day moving average of $596.48 and a 200-day moving average of $591.73. The company has a market cap of $25.94 billion, a price-to-earnings ratio of 110.60, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56.

Analysts Set New Price Targets

Several research firms have commented on TYL. Oppenheimer increased their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Piper Sandler lifted their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Barclays raised their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Finally, Truist Financial reaffirmed a “buy” rating and set a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $645.69.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $47,355,750. The trade was a 4.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,502 shares of company stock valued at $18,941,368. Corporate insiders own 2.20% of the company’s stock.

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.