Martingale Asset Management L P Invests $2.11 Million in Tyler Technologies, Inc. (NYSE:TYL)

Martingale Asset Management L P acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,659 shares of the technology company's stock, valued at approximately $2,110,000.

Other institutional investors have also modified their holdings of the company. Larson Financial Group LLC increased its stake in Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after buying an additional 31 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. increased its holdings in shares of 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 acquiring an additional 42 shares during the last quarter. OFI Invest Asset Management bought a new stake in shares of Tyler Technologies during the 4th quarter valued at about $41,000. Finally, Smithfield Trust Co lifted its holdings in shares of Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock worth $48,000 after purchasing an additional 30 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Down 0.6 %

Shares of NYSE TYL traded down $3.21 during trading hours on Wednesday, hitting $575.22. 32,116 shares of the stock were exchanged, compared to its average volume of 252,468. The firm has a fifty day moving average price of $588.47 and a 200-day moving average price of $595.45. The company has a market cap of $24.80 billion, a PE ratio of 94.92, a PEG 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 12 month low of $397.80 and a 12 month high of $661.31.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TYL. Barclays reduced their price objective on shares of Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating for the company in a research report on Monday. DA Davidson reiterated a "neutral" rating and set a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. StockNews.com lowered Tyler Technologies from a "buy" rating to a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company reiterated an "equal weight" rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $675.00.

Insider Activity

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock valued at $8,688,030 in the last three months. 2.20% of the stock is currently owned by company insiders.

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.