Hsbc Holdings PLC Purchases 3,788 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Hsbc Holdings PLC raised its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,900 shares of the technology company's stock after purchasing an additional 3,788 shares during the period. Hsbc Holdings PLC owned 0.19% of Tyler Technologies worth $46,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Stifel Financial Corp increased its stake in Tyler Technologies by 14.4% in the 4th quarter. Stifel Financial Corp now owns 33,417 shares of the technology company's stock valued at $19,270,000 after buying an additional 4,204 shares during the period. TD Waterhouse Canada Inc. raised its stake in Tyler Technologies by 145.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 715 shares of the technology company's stock valued at $413,000 after purchasing an additional 424 shares during the last quarter. Thematics Asset Management raised its position in shares of Tyler Technologies by 23.8% in the fourth quarter. Thematics Asset Management now owns 32,152 shares of the technology company's stock valued at $18,540,000 after buying an additional 6,191 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Tyler Technologies by 1.4% in the fourth quarter. MetLife Investment Management LLC now owns 12,911 shares of the technology company's stock valued at $7,445,000 after purchasing an additional 177 shares during the period. Finally, Norinchukin Bank The lifted its stake in shares of Tyler Technologies by 4.0% in the 4th quarter. Norinchukin Bank The now owns 2,733 shares of the technology company's stock valued at $1,576,000 after purchasing an additional 106 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Up 2.4 %

NYSE:TYL traded up $12.69 during trading hours on Tuesday, reaching $534.41. The company had a trading volume of 275,467 shares, compared to its average volume of 256,797. The business's 50-day simple moving average is $574.89 and its two-hundred day simple moving average is $593.48. The firm has a market cap of $23.04 billion, a price-to-earnings ratio of 88.13, a P/E/G ratio of 4.93 and a beta of 0.84. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a twelve month low of $452.57 and a twelve month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.22. The firm had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 EPS. On average, equities analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TYL. Needham & Company LLC reiterated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 24th. Piper Sandler reduced their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research note on Friday. The Goldman Sachs Group increased their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays cut their price objective on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday. Finally, DA Davidson reduced their price objective on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $674.67.

Insider Activity at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the sale, the chief financial officer now directly owns 14,026 shares in the company, valued at $8,606,073.08. This represents a 9.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were 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 of the company's stock, valued at approximately $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 1.10% of the company's stock.

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.