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

Meiji Yasuda Asset Management Co Ltd. lifted its position in Tyler Technologies, Inc. (NYSE:TYL) by 56.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,137 shares of the technology company’s stock after buying an additional 412 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Tyler Technologies were worth $656,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TYL. Larson Financial Group LLC increased its stake in Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock worth $26,000 after purchasing an additional 31 shares during the period. Sierra Ocean LLC acquired a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $32,000. OFI Invest Asset Management purchased a new stake in Tyler Technologies during the 4th quarter worth approximately $41,000. Smithfield Trust Co lifted its holdings in Tyler Technologies by 55.6% during the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock worth $48,000 after buying an additional 30 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in Tyler Technologies by 51.8% in the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after buying an additional 29 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on TYL shares. Barclays upped their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. The Goldman Sachs Group increased their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Piper Sandler lifted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares of the company’s stock, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock valued at $8,688,030 over the last quarter. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Up 0.2 %

NYSE TYL opened at $578.46 on Friday. The firm’s fifty day moving average price is $599.55 and its 200 day moving average price is $597.69. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 95.46, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.