Pictet Asset Management Holding SA Raises Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Pictet Asset Management Holding SA boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 9.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,869 shares of the technology company's stock after purchasing an additional 1,846 shares during the quarter. Pictet Asset Management Holding SA's holdings in Tyler Technologies were worth $12,034,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in shares of Tyler Technologies by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock worth $2,115,000 after purchasing an additional 20 shares during the period. Kensington Investment Counsel LLC lifted its holdings in Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after buying an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock valued at $78,000 after acquiring an additional 21 shares in the last quarter. Baron Wealth Management LLC boosted its position in Tyler Technologies by 1.5% during the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock valued at $857,000 after acquiring an additional 22 shares in the last quarter. Finally, Choreo LLC increased its holdings in shares of Tyler Technologies by 3.9% in the 4th quarter. Choreo LLC now owns 647 shares of the technology company's stock valued at $374,000 after acquiring an additional 24 shares during the period. 93.30% of the stock is owned by institutional investors.

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Insider Buying and Selling at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's 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 transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction 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 sale, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,064 shares of company stock worth $8,688,030. Insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

Shares of TYL stock traded down $30.28 during mid-day trading on Friday, reaching $539.40. The stock had a trading volume of 475,644 shares, compared to its average volume of 251,072. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The firm has a market cap of $23.25 billion, a price-to-earnings ratio of 89.01, a PEG ratio of 4.93 and a beta of 0.84. 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 business's fifty day moving average is $598.37 and its 200-day moving average is $597.34.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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, research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Truist Financial reaffirmed a "buy" rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. The Goldman Sachs Group increased their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. DA Davidson reaffirmed a "neutral" rating and issued a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Barclays increased their price objective on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies presently has an average 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.