Tyler Technologies, Inc. (NYSE:TYL) Stock Position Raised by Thematics Asset Management

Thematics Asset Management increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,152 shares of the technology company's stock after buying an additional 6,191 shares during the quarter. Thematics Asset Management owned about 0.08% of Tyler Technologies worth $18,540,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of TYL. Larson Financial Group LLC boosted its position in 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 buying an additional 31 shares during the last quarter. Sierra Ocean LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth about $32,000. Brown Brothers Harriman & Co. boosted its holdings 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 purchasing an additional 42 shares during the last quarter. OFI Invest Asset Management acquired a new stake in Tyler Technologies during the 4th quarter valued at approximately $41,000. Finally, Smithfield Trust Co increased its holdings in 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 purchasing an additional 30 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Shares of TYL traded down $38.92 during midday trading on Thursday, hitting $530.35. 778,838 shares of the stock traded hands, compared to its average volume of 255,867. The business's 50 day moving average price is $581.91 and its two-hundred day moving average price is $594.75. The firm has a market capitalization of $22.86 billion, a PE ratio of 87.52, a price-to-earnings-growth 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 1-year low of $415.24 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The firm had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. During the same period in the previous year, the business posted $2.20 EPS. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were 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 approximately $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 in the last 90 days. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com cut Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. The Goldman Sachs Group increased their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Wells Fargo & Company reduced their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Barclays lowered their price objective on Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Finally, DA Davidson reaffirmed a "neutral" rating and set a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $678.75.

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.