TD Asset Management Inc. Buys 1,592 Shares of Tyler Technologies, Inc. (NYSE:TYL)

TD Asset Management Inc. boosted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 161,007 shares of the technology company's stock after buying an additional 1,592 shares during the period. TD Asset Management Inc. owned 0.38% of Tyler Technologies worth $92,843,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its stake in shares of 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 purchasing an additional 31 shares during the period. Sierra Ocean LLC purchased a new position in Tyler Technologies during the fourth quarter valued at $32,000. OFI Invest Asset Management bought a new stake in shares of Tyler Technologies during the 4th quarter valued at $41,000. Smithfield Trust Co grew its position 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 buying an additional 30 shares during the period. Finally, Private Trust Co. NA increased its stake in shares of Tyler Technologies by 51.8% in the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock worth $49,000 after acquiring an additional 29 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Performance

Shares of TYL stock traded up $1.46 during mid-day trading on Monday, reaching $581.12. 415,571 shares of the company's stock traded hands, compared to its average volume of 249,166. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market capitalization of $25.05 billion, a PE ratio of 95.89, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The firm has a 50 day moving average price of $599.99 and a two-hundred day moving average price of $597.70.

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

Insider Activity at Tyler Technologies

In related news, 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 transaction 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. The trade was a 7.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares of the company's stock, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TYL has been the topic of a number of recent research reports. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Piper Sandler lifted their price objective on Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. DA Davidson reissued a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Barclays raised their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

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.