463 Shares in Tyler Technologies, Inc. (NYSE:TYL) Bought by GAMMA Investing LLC

GAMMA Investing LLC acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 463 shares of the technology company’s stock, valued at approximately $196,000.

Other large investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Tyler Technologies by 7.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock worth $465,000 after acquiring an additional 85 shares during the period. Raymond James Trust N.A. grew its holdings in shares of Tyler Technologies by 4.9% in the fourth quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock worth $633,000 after acquiring an additional 71 shares during the period. Nordea Investment Management AB grew its holdings in shares of Tyler Technologies by 4.6% in the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock worth $1,091,000 after acquiring an additional 115 shares during the period. DNB Asset Management AS bought a new stake in shares of Tyler Technologies in the fourth quarter worth $5,040,000. Finally, NBW Capital LLC grew its holdings in shares of Tyler Technologies by 50.7% in the fourth quarter. NBW Capital LLC now owns 13,345 shares of the technology company’s stock worth $5,580,000 after acquiring an additional 4,489 shares during the period. Institutional investors own 93.30% of the company’s stock.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $32,698,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,698,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the sale, the insider now owns 6,400 shares in the company, valued at $2,738,048. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock valued at $21,974,819 in the last quarter. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Stock Performance

Shares of NYSE TYL opened at $460.74 on Friday. The company has a market cap of $19.56 billion, a P/E ratio of 104.24, a P/E/G ratio of 4.51 and a beta of 0.81. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $465.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.94. The firm’s fifty day moving average is $422.62 and its two-hundred day moving average is $414.83.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. As a group, analysts anticipate that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TYL shares. JPMorgan Chase & Co. lifted their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Robert W. Baird lifted their target price on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday. DA Davidson lifted their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. JMP Securities reiterated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research report on Friday. Finally, Piper Sandler reiterated an “overweight” rating and set a $520.00 target price on shares of Tyler Technologies in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $465.85.

About Tyler Technologies

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.