Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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. owned 0.08% of Tyler Technologies worth $19,841,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in Tyler Technologies during the 3rd quarter valued at approximately $27,000. Quarry LP acquired a new position in Tyler Technologies during the third quarter valued at $78,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after purchasing an additional 21 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Tyler Technologies during the 3rd quarter worth about $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Tyler Technologies during the 3rd quarter valued at about $82,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE TYL opened at $642.39 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. The stock’s 50 day simple moving average is $596.21 and its 200-day simple moving average is $594.29. The company has a market cap of $27.49 billion, a PE ratio of 117.22, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data 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%. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian K. Miller sold 2,500 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the completion of the sale, the chief financial officer now owns 12,198 shares of the company’s stock, valued at approximately $7,709,257.98. The trade was a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,502 shares of company stock valued at $18,941,368. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Barclays lifted their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday. StockNews.com raised shares of Tyler Technologies from a “hold” rating to a “buy” rating in a report on Friday. DA Davidson reaffirmed a “neutral” rating and issued a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Piper Sandler increased their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $667.83.

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.