Tyler Technologies, Inc. (NYSE:TYL) Stock Position Increased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 124.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,594 shares of the technology company's stock after purchasing an additional 884 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Tyler Technologies were worth $919,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Larson Financial Group LLC grew its holdings in Tyler Technologies by 221.4% in 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 in the last quarter. Sierra Ocean LLC bought a new position in shares of Tyler Technologies in the fourth quarter worth $32,000. Brown Brothers Harriman & Co. increased its holdings in shares of Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after purchasing an additional 42 shares during the period. OFI Invest Asset Management bought a new stake in shares of Tyler Technologies during the fourth quarter valued at about $41,000. Finally, Smithfield Trust Co lifted its holdings in Tyler Technologies by 55.6% in the fourth 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. Institutional investors and hedge funds own 93.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on TYL. Wells Fargo & Company dropped their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday. Piper Sandler upped their target price on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. DA Davidson reissued a "neutral" rating and issued a $575.00 price objective on shares of Tyler Technologies in a research note on Thursday, January 30th. Barclays decreased their target price on Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $674.58.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $569.67 on Thursday. Tyler Technologies, Inc. has a fifty-two week low of $415.24 and a fifty-two week high of $661.31. The firm's 50 day simple moving average is $581.91 and its 200-day simple moving average is $594.75. 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 company has a market cap of $24.56 billion, a P/E ratio of 94.01, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.22. The firm had revenue of $562.43 million for the quarter, compared to analysts' expectations of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. During the same period in the previous year, the company posted $2.20 EPS. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. This represents a 46.21 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business'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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,064 shares of company stock valued at $8,688,030. Company insiders own 1.10% of the company's stock.

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.

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