Harvest Fund Management Co. Ltd Buys 473 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Harvest Fund Management Co. Ltd lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 82.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,045 shares of the technology company's stock after purchasing an additional 473 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Tyler Technologies were worth $603,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Tyler Technologies by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock valued at $2,115,000 after buying an additional 20 shares during the period. Kensington Investment Counsel LLC grew its stake in shares of Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after purchasing an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after purchasing an additional 21 shares in the last quarter. Baron Wealth Management LLC lifted its stake in Tyler Technologies by 1.5% during the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock valued at $857,000 after purchasing an additional 22 shares during the last quarter. Finally, Choreo LLC boosted its holdings in Tyler Technologies by 3.9% during the fourth quarter. Choreo LLC now owns 647 shares of the technology company's stock worth $374,000 after buying an additional 24 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

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Tyler Technologies Stock Up 1.1 %

Tyler Technologies stock traded up $6.50 during trading hours on Tuesday, hitting $580.89. The company had a trading volume of 175,786 shares, compared to its average volume of 240,957. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market capitalization of $25.04 billion, a P/E ratio of 95.86, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The firm's fifty day moving average is $599.16 and its 200-day moving average is $597.96.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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%. On average, research analysts forecast 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 reports. StockNews.com lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Truist Financial reiterated a "buy" rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. The Goldman Sachs Group boosted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. DA Davidson reiterated a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Finally, Wells Fargo & Company restated an "equal weight" rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Insiders Place Their Bets

In related news, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 75,734 shares of the company's stock, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock valued at $8,688,030 in the last three months. Insiders own 2.20% of the company's stock.

Tyler Technologies 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.