Assetmark Inc. Grows Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Assetmark Inc. lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,536 shares of the technology company’s stock after purchasing an additional 626 shares during the period. Assetmark Inc.’s holdings in Tyler Technologies were worth $6,075,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oak Thistle LLC lifted its position in Tyler Technologies by 213.7% in the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after acquiring an additional 1,586 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Tyler Technologies in the third quarter valued at $1,309,000. Maiden Cove Capital LLC purchased a new stake in Tyler Technologies in the third quarter valued at $583,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Tyler Technologies in the third quarter valued at $569,000. Finally, Trustmark National Bank Trust Department purchased a new stake in Tyler Technologies in the third quarter valued at $1,288,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 3.0 %

Shares of Tyler Technologies stock opened at $589.02 on Friday. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The company’s 50-day simple moving average is $599.93 and its 200-day simple moving average is $598.58. The firm has a market cap of $25.34 billion, a price-to-earnings ratio of 97.20, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following 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 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 6,752 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the transaction, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,816 shares of company stock worth $9,118,070 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group boosted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. DA Davidson reaffirmed a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four research 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 an average rating of “Moderate Buy” and an average target price of $676.25.

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.