Martin Currie Ltd. Purchases 606 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Martin Currie Ltd. raised its position in Tyler Technologies, Inc. (NYSE:TYL) by 50.5% during the 4th quarter, HoldingsChannel reports. The fund owned 1,807 shares of the technology company’s stock after buying an additional 606 shares during the quarter. Martin Currie Ltd.’s holdings in Tyler Technologies were worth $1,042,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of Tyler Technologies by 221.4% in 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 in the last quarter. Sierra Ocean LLC bought a new position in Tyler Technologies in the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. increased its stake in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock valued at $32,000 after buying an additional 42 shares during the last quarter. OFI Invest Asset Management bought a new stake in Tyler Technologies during the 4th quarter worth about $41,000. Finally, Smithfield Trust Co boosted its stake in shares of 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 during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Truist Financial reiterated a “buy” rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Piper Sandler upped their price objective on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Barclays raised their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group upped their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Up 0.2 %

Shares of TYL stock opened at $579.39 on Friday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The firm has a 50 day moving average price of $599.76 and a two-hundred day moving average price of $597.63. 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 has a market capitalization of $24.98 billion, a PE ratio of 95.61, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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%. As a group, analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current 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.