Ashford Capital Management Inc. cut its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 20.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 43,298 shares of the technology company's stock after selling 11,110 shares during the quarter. Tyler Technologies comprises 3.2% of Ashford Capital Management Inc.'s holdings, making the stock its 7th biggest position. Ashford Capital Management Inc. owned approximately 0.10% of Tyler Technologies worth $25,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Waldron Private Wealth LLC raised its stake in shares of Tyler Technologies by 3.5% during the second quarter. Waldron Private Wealth LLC now owns 716 shares of the technology company's stock valued at $360,000 after purchasing an additional 24 shares in the last quarter. FWG Holdings LLC raised its position in shares of Tyler Technologies by 3.1% during the 3rd quarter. FWG Holdings LLC now owns 910 shares of the technology company's stock worth $551,000 after buying an additional 27 shares in the last quarter. George Kaiser Family Foundation lifted its stake in shares of Tyler Technologies by 0.7% in the 2nd quarter. George Kaiser Family Foundation now owns 4,177 shares of the technology company's stock worth $2,100,000 after acquiring an additional 29 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Tyler Technologies by 2.3% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company's stock valued at $804,000 after acquiring an additional 31 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Tyler Technologies by 2.4% during the third quarter. UMB Bank n.a. now owns 1,354 shares of the technology company's stock valued at $790,000 after acquiring an additional 32 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE TYL opened at $621.77 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56. The business has a 50-day moving average price of $605.56 and a two-hundred day moving average price of $562.93. The firm has a market capitalization of $26.61 billion, a PE ratio of 113.46, a PEG ratio of 5.64 and a beta of 0.76.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to analysts' expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $1.66 earnings per share. As a group, analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

TYL has been the subject of a number of research analyst reports. The Goldman Sachs Group restated a "buy" rating and issued a $627.00 target price on shares of Tyler Technologies in a research report on Friday, September 13th. Needham & Company LLC upped their price objective on Tyler Technologies from $600.00 to $700.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Oppenheimer lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Piper Sandler upped their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Finally, DA Davidson lifted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $642.62.

View Our Latest Stock Report on Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the business's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the transaction, the chief financial officer now owns 12,198 shares in the company, valued at $7,709,257.98. The trade was a 17.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,246,500. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,500 shares of company stock worth $24,835,988 in the last ninety days. Corporate insiders own 1.50% of the company's stock.

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.

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