Deutsche Bank AG Has $92.77 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

Deutsche Bank AG lifted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 49.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,876 shares of the technology company’s stock after purchasing an additional 52,936 shares during the quarter. Deutsche Bank AG owned 0.38% of Tyler Technologies worth $92,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in TYL. Integrated Wealth Concepts LLC grew its position in Tyler Technologies by 2.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company’s stock worth $453,000 after purchasing an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Tyler Technologies by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock valued at $2,115,000 after buying an additional 20 shares during the period. Kensington Investment Counsel LLC lifted its stake in shares of Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company’s stock valued at $1,439,000 after buying an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after buying an additional 21 shares in the last quarter. Finally, Baron Wealth Management LLC grew its position in Tyler Technologies by 1.5% during the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after buying an additional 22 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, Director Daniel M. Pope sold 365 shares of Tyler Technologies stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the transaction, the director now owns 2,853 shares in the company, valued at approximately $1,569,150. The trade was a 11.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. This represents a 7.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,462 shares of company stock valued at $9,464,626. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. DA Davidson cut their price target on Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Piper Sandler lowered their price objective on Tyler Technologies from $747.00 to $708.00 and set an “overweight” rating on the stock in a research report on Friday, April 25th. Truist Financial reaffirmed a “buy” rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. The Goldman Sachs Group lifted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Wells Fargo & Company lowered their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $674.67.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $560.06 on Monday. The firm has a market capitalization of $24.15 billion, a P/E ratio of 92.42, a P/E/G ratio of 4.93 and a beta of 0.88. The stock has a fifty day moving average price of $563.43 and a two-hundred day moving average price of $590.82. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week 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.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to analysts’ expectations of $556.45 million. During the same quarter last year, the company posted $2.20 EPS. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. As a group, analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Tyler Technologies Company Profile

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.