D.A. Davidson & CO. decreased its position in Tyler Technologies, Inc. (NYSE:TYL) by 11.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,838 shares of the technology company’s stock after selling 237 shares during the quarter. D.A. Davidson & CO.’s holdings in Tyler Technologies were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Quantamental Technologies LLC bought a new stake in Tyler Technologies in the 4th quarter worth approximately $33,000. Meeder Asset Management Inc. bought a new stake in Tyler Technologies in the 4th quarter worth approximately $79,000. Harvest Fund Management Co. Ltd lifted its position in Tyler Technologies by 390.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 574 shares of the technology company’s stock worth $141,000 after buying an additional 457 shares during the last quarter. First Republic Investment Management Inc. bought a new stake in Tyler Technologies in the 3rd quarter worth approximately $201,000. Finally, Waldron Private Wealth LLC bought a new stake in Tyler Technologies in the 3rd quarter worth approximately $207,000. Institutional investors own 91.41% of the company’s stock.

Shares of TYL stock opened at $208.20 on Monday. Tyler Technologies, Inc. has a fifty-two week low of $173.26 and a fifty-two week high of $252.47. The company has a market capitalization of $8.08 billion, a price-to-earnings ratio of 65.47, a P/E/G ratio of 4.58 and a beta of 0.81.

Several analysts have weighed in on the company. ValuEngine upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Friday. DA Davidson upgraded Tyler Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, December 21st. Zacks Investment Research upgraded Tyler Technologies from a “sell” rating to a “hold” rating in a research report on Friday, December 7th. TheStreet downgraded Tyler Technologies from a “b” rating to a “c+” rating in a research report on Thursday, November 1st. Finally, Robert W. Baird lowered their price objective on Tyler Technologies from $260.00 to $250.00 and set an “outperform” rating for the company in a research report on Friday, November 2nd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $233.36.

In related news, Director Dustin R. Womble sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $190.66, for a total transaction of $3,813,200.00. Following the completion of the transaction, the director now owns 198,122 shares in the company, valued at $37,773,940.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Dustin R. Womble sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $186.26, for a total value of $1,396,950.00. Following the transaction, the director now owns 185,622 shares of the company’s stock, valued at approximately $34,573,953.72. The disclosure for this sale can be found here. 4.70% of the stock is owned by corporate insiders.

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About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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