Asset Management One Co. Ltd. Grows Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Asset Management One Co. Ltd. increased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 4.3% in the 4th quarter, HoldingsChannel reports. The fund owned 33,893 shares of the technology company’s stock after purchasing an additional 1,388 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Tyler Technologies were worth $19,841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in shares of Tyler Technologies during the 3rd quarter worth $270,000. Creative Planning lifted its position in Tyler Technologies by 2.9% in the third quarter. Creative Planning now owns 24,051 shares of the technology company’s stock valued at $14,039,000 after buying an additional 686 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in Tyler Technologies by 3.9% during the third quarter. Vontobel Holding Ltd. now owns 1,214 shares of the technology company’s stock worth $709,000 after buying an additional 46 shares during the period. Bleakley Financial Group LLC increased its position in shares of Tyler Technologies by 2.6% during the third quarter. Bleakley Financial Group LLC now owns 2,123 shares of the technology company’s stock valued at $1,239,000 after acquiring an additional 54 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Tyler Technologies by 12.9% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,384 shares of the technology company’s stock valued at $2,559,000 after acquiring an additional 502 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Trading Down 0.7 %

Shares of NYSE:TYL opened at $642.39 on Friday. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The company’s 50 day moving average is $596.21 and its two-hundred day moving average is $594.29. The company has a market cap of $27.49 billion, a PE ratio of 117.22, a P/E/G ratio of 4.78 and a beta of 0.78. 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 (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Equities analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the sale, the chief financial officer now owns 11,918 shares of the company’s stock, valued at approximately $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $18,941,368 over the last 90 days. 2.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on TYL. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Friday. Piper Sandler lifted their price objective on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday. Truist Financial reissued a “buy” rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Finally, DA Davidson reissued a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $667.83.

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.