Asset Management One Co. Ltd. Acquires 1,388 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Asset Management One Co. Ltd. increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,893 shares of the technology company's stock after acquiring an additional 1,388 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.08% of Tyler Technologies worth $19,841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC increased its stake in Tyler Technologies by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock valued at $645,585,000 after buying an additional 24,284 shares during the period. Franklin Resources Inc. increased its stake in Tyler Technologies by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock valued at $547,354,000 after buying an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Tyler Technologies by 4.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock valued at $527,785,000 after buying an additional 36,066 shares during the period. Van ECK Associates Corp increased its stake in Tyler Technologies by 1,991.8% in the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after buying an additional 524,259 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Tyler Technologies by 148.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler upped their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial reissued a "buy" rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. The Goldman Sachs Group boosted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday. JMP Securities boosted 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $676.25.

Tyler Technologies Stock Performance

Tyler Technologies stock traded up $4.15 during mid-day trading on Wednesday, reaching $644.14. The company had a trading volume of 170,405 shares, compared to its average volume of 244,866. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $661.31. The company has a 50 day moving average of $596.62 and a 200-day moving average of $594.99. The firm has a market cap of $27.57 billion, a price-to-earnings ratio of 106.29, a PEG ratio of 5.01 and a beta of 0.78.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (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%. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 8.54 EPS for the current fiscal year.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 3,250 shares of the stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $47,355,750. This represents a 4.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,502 shares of company stock worth $18,941,368. 1.50% of the stock is currently owned by corporate insiders.

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.