Korea Investment CORP Boosts Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Korea Investment CORP raised its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 46.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,245 shares of the technology company's stock after buying an additional 8,055 shares during the period. Korea Investment CORP owned about 0.06% of Tyler Technologies worth $14,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Oak Thistle LLC boosted its holdings in shares of 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 purchasing an additional 1,586 shares during the period. Kensington Investment Counsel LLC raised its position in Tyler Technologies by 0.8% during the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after purchasing an additional 20 shares in the last quarter. Diversified Trust Co bought a new stake in Tyler Technologies during the 4th quarter valued at $596,000. Fiduciary Alliance LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter worth $1,594,000. Finally, Barclays PLC grew its position in shares of Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after buying an additional 2,169 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Tyler Technologies Stock Down 5.3 %

Shares of TYL traded down $30.28 during midday trading on Friday, hitting $539.40. 475,644 shares of the company's stock traded hands, compared to its average volume of 250,910. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 89.01, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The firm's fifty day moving average is $598.37 and its 200-day moving average is $597.09.

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

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 in the last three months. Corporate insiders own 2.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TYL. Wells Fargo & Company restated an "equal weight" rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Needham & Company LLC restated a "buy" rating and issued a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Barclays increased their price objective 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. Truist Financial reissued a "buy" rating and set a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, The Goldman Sachs Group increased their target price on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies 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.