Czech National Bank Buys 588 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Czech National Bank boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,280 shares of the technology company's stock after acquiring an additional 588 shares during the period. Czech National Bank's holdings in Tyler Technologies were worth $5,351,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TYL. Ashton Thomas Securities LLC bought a new position in shares of Tyler Technologies during the 3rd quarter worth about $27,000. Tobam bought a new position in shares of Tyler Technologies during the 3rd quarter worth about $78,000. Quarry LP bought a new position in shares of Tyler Technologies during the 3rd quarter worth about $78,000. Brooklyn Investment Group bought a new position in shares of Tyler Technologies during the 3rd quarter worth about $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in shares of Tyler Technologies during the 3rd quarter worth about $82,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian K. Miller sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $7,202,504. This represents a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,252 shares of company stock worth $26,096,928. Corporate insiders own 1.50% of the company's stock.

Tyler Technologies Price Performance

Tyler Technologies stock traded up $3.66 during trading hours on Thursday, hitting $575.54. 196,429 shares of the stock were exchanged, compared to its average volume of 210,397. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The business's 50-day moving average is $602.48 and its two-hundred day moving average is $582.64. The stock has a market capitalization of $24.63 billion, a P/E ratio of 105.03, a P/E/G ratio of 4.35 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its earnings results 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 analyst estimates of $547.34 million. During the same period in the prior year, the business earned $1.66 earnings per share. Tyler Technologies's quarterly revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analyst Ratings Changes

TYL has been the topic of several research reports. JMP Securities boosted their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a report on Friday, October 25th. Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday, December 6th. Robert W. Baird upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Barclays upped their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $643.77.

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.