Keystone Investors PTE Ltd. Buys 3,524 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Keystone Investors PTE Ltd. raised its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 1,015.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,871 shares of the technology company's stock after purchasing an additional 3,524 shares during the period. Keystone Investors PTE Ltd.'s holdings in Tyler Technologies were worth $2,232,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC boosted its position in shares of Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after acquiring an additional 31 shares in the last quarter. Sierra Ocean LLC acquired a new stake in Tyler Technologies in the fourth quarter valued at about $32,000. OFI Invest Asset Management bought a new position in Tyler Technologies in the fourth quarter valued at about $41,000. Smithfield Trust Co grew its position in Tyler Technologies by 55.6% in the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after acquiring an additional 30 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in Tyler Technologies by 51.8% during the fourth 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 currently owned by institutional investors.

Insider Activity

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's 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. This represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares of the company's stock, valued at $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.

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Tyler Technologies Trading Up 0.2 %

Shares of NYSE:TYL traded up $0.99 during mid-day trading on Friday, hitting $579.39. The company had a trading volume of 297,612 shares, compared to its average volume of 248,500. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The firm has a fifty day moving average price of $599.76 and a 200 day moving average price of $597.63. The company has a market capitalization of $24.98 billion, a PE ratio of 95.61, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

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 (EPS) 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%. As a group, research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of research analyst reports. Wells Fargo & Company reiterated an "equal weight" rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Truist Financial reissued a "buy" rating and set a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson reiterated a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Needham & Company LLC reaffirmed a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies has an average rating of "Moderate Buy" and a consensus target price of $676.25.

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.