Tyler Technologies, Inc. (NYSE:TYL) Stake Boosted by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 8.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,903 shares of the technology company's stock after buying an additional 801 shares during the period. UniSuper Management Pty Ltd's holdings in Tyler Technologies were worth $5,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Larson Financial Group LLC boosted its stake in Tyler Technologies by 221.4% during the fourth 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 period. Sierra Ocean LLC acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $32,000. OFI Invest Asset Management purchased a new position in Tyler Technologies in the fourth quarter valued at $41,000. 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 period. Finally, Private Trust Co. NA increased its stake in shares of 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 buying an additional 29 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In related news, 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 transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock worth $8,688,030 in the last ninety days. 2.20% of the stock is owned by insiders.

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Tyler Technologies Trading Up 0.4 %

TYL traded up $2.34 during trading on Tuesday, hitting $583.73. The company's stock had a trading volume of 38,369 shares, compared to its average volume of 248,342. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31. The stock has a market cap of $25.16 billion, a PE ratio of 96.24, a PEG ratio of 4.93 and a beta of 0.80. The firm's 50 day moving average price is $599.99 and its 200-day moving average price is $597.70. 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 (NYSE:TYL - Get Free Report) last posted 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 net margin of 12.30% and a return on equity of 10.15%. On average, analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

TYL has been the subject of several research analyst reports. Piper Sandler raised 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. 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 reissued a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. The Goldman Sachs Group lifted their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Barclays increased their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.