Mitsubishi UFJ Asset Management Co. Ltd. Purchases 9,170 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,512 shares of the technology company's stock after buying an additional 9,170 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Tyler Technologies worth $40,023,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC grew its stake in 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 buying an additional 31 shares during the last quarter. Sierra Ocean LLC bought a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $32,000. OFI Invest Asset Management bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $41,000. Smithfield Trust Co grew its stake 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 purchasing an additional 30 shares during the last quarter. Finally, Private Trust Co. NA grew 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 purchasing an additional 29 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated 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 approximately $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 over the last three months. 2.20% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

A number of brokerages recently weighed in on TYL. Barclays raised their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Truist Financial reaffirmed a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Piper Sandler increased their price objective on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Finally, Wells Fargo & Company reiterated an "equal weight" rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $676.25.

Tyler Technologies Stock Performance

Shares of TYL traded down $14.78 during trading hours on Thursday, reaching $567.03. 89,215 shares of the company traded hands, compared to its average volume of 257,824. The stock's fifty day moving average is $599.91 and its 200 day moving average is $597.61. 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 stock has a market cap of $24.44 billion, a P/E ratio of 93.57, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31.

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

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.