Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 9.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,167 shares of the technology company's stock after purchasing an additional 1,012 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Tyler Technologies were worth $7,102,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Tyler Technologies in the third quarter worth $2,056,000. Kensington Investment Counsel LLC increased its stake in Tyler Technologies by 2.8% in the 3rd quarter. Kensington Investment Counsel LLC now owns 2,476 shares of the technology company's stock worth $1,445,000 after buying an additional 68 shares in the last quarter. Orion Portfolio Solutions LLC raised its holdings in Tyler Technologies by 2.2% during the third quarter. Orion Portfolio Solutions LLC now owns 4,566 shares of the technology company's stock valued at $2,665,000 after acquiring an additional 98 shares during the period. XTX Topco Ltd purchased a new position in shares of Tyler Technologies in the third quarter valued at about $410,000. Finally, National Bank of Canada FI boosted its stake in shares of Tyler Technologies by 86.4% in the third quarter. National Bank of Canada FI now owns 21,806 shares of the technology company's stock worth $12,729,000 after acquiring an additional 10,105 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TYL. DA Davidson boosted their price target on Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. JMP Securities upped their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a research report on Friday, October 25th. The Goldman Sachs Group reiterated a "buy" rating and issued a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Oppenheimer increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Barclays lifted their target price on Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $642.62.

Tyler Technologies Trading Down 2.7 %

TYL traded down $17.12 during trading hours on Friday, reaching $611.12. 199,967 shares of the company's stock traded hands, compared to its average volume of 235,167. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $638.56. The firm has a market capitalization of $26.16 billion, a PE ratio of 114.67, a PEG ratio of 5.66 and a beta of 0.76. The firm has a 50-day moving average price of $608.09 and a 200 day moving average price of $564.69. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. Tyler Technologies's quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at approximately $45,436,500. The trade was a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 3,000 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,202,504. This trade represents a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,500 shares of company stock valued at $21,952,888 over the last ninety days. 2.20% of the stock is owned by company insiders.

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.