Daiwa Securities Group Inc. Boosts Stake in Tyler Technologies, Inc. (NYSE:TYL)

Daiwa Securities Group Inc. increased its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,941 shares of the technology company’s stock after purchasing an additional 481 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Tyler Technologies were worth $1,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Chilton Capital Management LLC bought a new stake in shares of Tyler Technologies in the fourth quarter worth approximately $52,000. Column Capital Advisors LLC grew its position in Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after purchasing an additional 49 shares during the period. Headinvest LLC purchased a new stake in Tyler Technologies during the 3rd quarter valued at $78,000. AdvisorNet Financial Inc lifted its holdings in shares of Tyler Technologies by 6,700.0% during the 4th quarter. AdvisorNet Financial Inc now owns 272 shares of the technology company’s stock valued at $114,000 after buying an additional 268 shares during the period. Finally, Ramirez Asset Management Inc. purchased a new position in shares of Tyler Technologies in the 3rd quarter worth $116,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at $2,738,048. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 1,849 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $421.19, for a total transaction of $778,780.31. Following the transaction, the chief executive officer now owns 79,502 shares in the company, valued at approximately $33,485,447.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,608 shares of company stock worth $21,974,819. Corporate insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on TYL shares. Piper Sandler increased their target price on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Needham & Company LLC increased their price objective on shares of Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. JMP Securities reissued a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th. JPMorgan Chase & Co. upped their target price on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Finally, DA Davidson lifted their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $460.46.

Tyler Technologies Stock Up 2.0 %

Shares of TYL stock opened at $411.41 on Tuesday. The stock has a market cap of $17.46 billion, a P/E ratio of 105.76, a PEG ratio of 3.97 and a beta of 0.81. The company’s fifty day simple moving average is $422.97 and its two-hundred day simple moving average is $414.28. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $454.74.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. The company had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. Analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

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.