Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 28.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,246 shares of the technology company's stock after purchasing an additional 42,771 shares during the period. Wellington Management Group LLP owned about 0.45% of Tyler Technologies worth $111,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Norges Bank purchased a new position in Tyler Technologies in the 4th quarter valued at about $528,465,000. Van ECK Associates Corp increased its position in Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock worth $317,486,000 after purchasing an additional 524,259 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Tyler Technologies during the 4th quarter worth approximately $159,947,000. JPMorgan Chase & Co. raised its position in Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after purchasing an additional 275,511 shares during the period. Finally, Seilern Investment Management Ltd purchased a new stake in Tyler Technologies in the 4th quarter valued at about $105,549,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded up $8.62 during mid-day trading on Tuesday, hitting $543.65. 64,193 shares of the company were exchanged, compared to its average volume of 263,652. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The firm has a market cap of $23.44 billion, a price-to-earnings ratio of 89.71, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. The stock has a 50 day simple moving average of $596.91 and a 200-day simple moving average of $597.02. 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 earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate 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, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TYL. The Goldman Sachs Group increased their price objective 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. Needham & Company LLC reissued a "buy" rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Thursday, April 3rd. Barclays raised their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, DA Davidson reiterated a "neutral" rating and issued a $575.00 price objective on shares of Tyler Technologies in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company 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.