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

Tokio Marine Asset Management Co. Ltd. raised its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 2.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,377 shares of the technology company’s stock after acquiring an additional 31 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Tyler Technologies were worth $804,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Bessemer Group Inc. boosted its holdings in Tyler Technologies by 39.4% during the first quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock worth $2,906,000 after buying an additional 1,935 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Tyler Technologies by 7.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,724 shares of the technology company’s stock valued at $19,858,000 after purchasing an additional 3,198 shares in the last quarter. Natixis raised its holdings in Tyler Technologies by 114.0% during the first quarter. Natixis now owns 2,253 shares of the technology company’s stock worth $958,000 after purchasing an additional 1,200 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Tyler Technologies by 143.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company’s stock worth $762,000 after buying an additional 1,058 shares in the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Tyler Technologies by 64.8% in the first quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 1,161 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TYL. Truist Financial reissued a “buy” rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. JMP Securities upped their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Robert W. Baird raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. DA Davidson upped their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Oppenheimer lifted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average price target of $642.62.

Tyler Technologies Trading Down 2.8 %

Shares of TYL opened at $597.10 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $631.43. The stock has a market cap of $25.56 billion, a PE ratio of 108.96, a P/E/G ratio of 5.56 and a beta of 0.77. The stock’s 50-day moving average is $593.78 and its two-hundred day moving average is $546.45.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $1.66 earnings per share. Equities analysts forecast that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, Director Glenn A. Carter sold 3,350 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $582.57, for a total transaction of $1,951,609.50. Following the completion of the transaction, the director now directly owns 2,654 shares of the company’s stock, valued at $1,546,140.78. This trade represents a 55.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,042,738.02. The trade was a 41.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 32,600 shares of company stock valued at $19,307,295 in the last ninety days. Insiders own 2.20% of the company’s stock.

Tyler Technologies 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.