Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,275 shares of the technology company’s stock after acquiring an additional 70 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Tyler Technologies were worth $533,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TYL. CWM LLC raised its holdings in shares of Tyler Technologies by 18.0% during the third quarter. CWM LLC now owns 517 shares of the technology company’s stock valued at $200,000 after acquiring an additional 79 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Tyler Technologies by 3.3% during the third quarter. SG Americas Securities LLC now owns 3,553 shares of the technology company’s stock valued at $1,372,000 after acquiring an additional 114 shares during the last quarter. Czech National Bank raised its holdings in shares of Tyler Technologies by 48.2% during the third quarter. Czech National Bank now owns 7,354 shares of the technology company’s stock valued at $2,840,000 after acquiring an additional 2,391 shares during the last quarter. Cavalier Investments LLC raised its holdings in shares of Tyler Technologies by 2.7% during the third quarter. Cavalier Investments LLC now owns 1,352 shares of the technology company’s stock valued at $522,000 after acquiring an additional 35 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Tyler Technologies by 32.2% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 7,800 shares of the technology company’s stock valued at $3,012,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TYL. DA Davidson increased their target price on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a report on Thursday, February 22nd. Oppenheimer upped their price target on Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday. JPMorgan Chase & Co. upped their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. JMP Securities restated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research report on Friday. Finally, Robert W. Baird upped their price target on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $465.85.

Tyler Technologies Trading Up 0.6 %

TYL opened at $460.74 on Friday. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $465.78. The business has a fifty day simple moving average of $423.02 and a 200-day simple moving average of $415.46. The firm has a market cap of $19.56 billion, a P/E ratio of 104.24, a P/E/G ratio of 4.53 and a beta of 0.81. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, equities analysts expect that Tyler Technologies, Inc. will post 7.01 earnings per share for the current year.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 5,000 shares of Tyler Technologies stock in a transaction on Monday, February 26th. The stock was sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the transaction, the chief financial officer now directly owns 14,610 shares in the company, valued at $6,472,083.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the transaction, the insider now directly owns 6,400 shares in the company, valued at $2,738,048. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brian K. Miller sold 5,000 shares of Tyler Technologies stock in a transaction on Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the transaction, the chief financial officer now owns 14,610 shares of the company’s stock, valued at $6,472,083.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,608 shares of company stock worth $21,974,819. Company insiders own 2.20% of the company’s stock.

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.