Massachusetts Financial Services Co. MA Buys 35,198 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Massachusetts Financial Services Co. MA grew its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 939,373 shares of the technology company's stock after purchasing an additional 35,198 shares during the period. Massachusetts Financial Services Co. MA owned about 2.19% of Tyler Technologies worth $541,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC raised its position in Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after acquiring an additional 31 shares in the last quarter. Sierra Ocean LLC bought a new position in Tyler Technologies during the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. raised its stake in Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after buying an additional 42 shares during the period. OFI Invest Asset Management acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $41,000. Finally, Smithfield Trust Co boosted its stake in shares of Tyler Technologies by 55.6% during the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock worth $48,000 after acquiring an additional 30 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

TYL has been the subject of a number of research reports. DA Davidson restated a "neutral" rating and set a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. Needham & Company LLC reiterated a "buy" rating and set a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Truist Financial reiterated a "buy" rating and set a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Finally, StockNews.com raised shares of Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business's 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 sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was 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 the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock worth $8,688,030 over the last quarter. Corporate insiders own 2.20% of the company's stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded down $2.31 on Monday, reaching $535.94. 142,391 shares of the stock were exchanged, compared to its average volume of 250,695. The firm's 50 day moving average is $598.37 and its 200-day moving average is $597.34. The firm has a market cap of $23.10 billion, a PE ratio of 88.44, a P/E/G ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31.

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