Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 123.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,301 shares of the technology company's stock after buying an additional 25,625 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned about 0.11% of Tyler Technologies worth $26,699,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Cerity Partners LLC raised its stake in shares of Tyler Technologies by 60.6% during the 3rd quarter. Cerity Partners LLC now owns 3,847 shares of the technology company's stock valued at $2,246,000 after buying an additional 1,451 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Tyler Technologies by 11.9% during the third quarter. Daiwa Securities Group Inc. now owns 5,282 shares of the technology company's stock valued at $3,083,000 after acquiring an additional 561 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in Tyler Technologies in the third quarter valued at approximately $334,000. Bank of Montreal Can boosted its position in Tyler Technologies by 2.6% in the 3rd quarter. Bank of Montreal Can now owns 37,826 shares of the technology company's stock worth $21,845,000 after purchasing an additional 959 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Tyler Technologies by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 26,212 shares of the technology company's stock worth $15,300,000 after purchasing an additional 301 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

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Tyler Technologies Trading Up 0.3 %

TYL traded up $1.46 during trading hours on Monday, reaching $581.12. The company's stock had a trading volume of 415,571 shares, compared to its average volume of 249,166. The stock has a market cap of $25.05 billion, a PE ratio of 95.89, a P/E/G ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The business's 50-day moving average is $599.99 and its 200-day moving average is $597.70.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its 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, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock valued at $8,688,030 over the last 90 days. 2.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TYL. Barclays increased their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. The Goldman Sachs Group increased their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Truist Financial reiterated a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Finally, Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average 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.