Asset Management One Co. Ltd. Has $18.93 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Asset Management One Co. Ltd. cut its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,505 shares of the technology company's stock after selling 2,244 shares during the quarter. Asset Management One Co. Ltd. owned 0.08% of Tyler Technologies worth $18,929,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Independence Bank of Kentucky bought a new position in Tyler Technologies during the second quarter valued at about $25,000. Covestor Ltd raised its position in Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company's stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock valued at $37,000 after buying an additional 56 shares during the period. Lynx Investment Advisory acquired a new stake in shares of Tyler Technologies in the 2nd quarter valued at $38,000. Finally, Larson Financial Group LLC grew its stake in shares of Tyler Technologies by 675.0% during the first quarter. Larson Financial Group LLC now owns 93 shares of the technology company's stock worth $40,000 after purchasing an additional 81 shares during the period. 93.30% of the stock is owned by institutional investors.

Insider Activity

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at $43,246,500. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Glenn A. Carter sold 3,350 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $582.57, for a total value 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 represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at $43,246,500. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,850 shares of company stock worth $12,151,735 in the last quarter. Corporate insiders own 1.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TYL shares. Piper Sandler upped their target price on Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. DA Davidson increased their target price on Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Oppenheimer raised their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Robert W. Baird lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $642.62.

Tyler Technologies Stock Down 0.9 %

NYSE TYL traded down $5.58 during trading hours on Wednesday, reaching $600.77. 244,510 shares of the company's stock traded hands, compared to its average volume of 228,189. The firm has a market cap of $25.71 billion, a PE ratio of 110.63, a PEG ratio of 5.42 and a beta of 0.77. 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 52-week low of $397.80 and a 52-week high of $631.43. The firm has a 50-day simple moving average of $589.23 and a 200 day simple moving average of $538.17.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same quarter last year, the firm posted $1.66 earnings per share. The firm's revenue was up 9.8% compared to the same quarter last year. Sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

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.