TCW Group Inc. Takes $36.10 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

TCW Group Inc. bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 62,603 shares of the technology company’s stock, valued at approximately $36,099,000. TCW Group Inc. owned about 0.15% of Tyler Technologies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Oak Thistle LLC lifted its holdings in shares of Tyler Technologies by 213.7% during the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after purchasing an additional 1,586 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Tyler Technologies during the third quarter valued at approximately $1,309,000. Maiden Cove Capital LLC bought a new stake in shares of Tyler Technologies during the third quarter valued at approximately $583,000. Assetmark Inc. increased its position in shares of Tyler Technologies by 9.4% during the third quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after acquiring an additional 854 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Tyler Technologies during the third quarter valued at approximately $569,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TYL. 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. 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. Truist Financial reissued a “buy” rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. DA Davidson reissued a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, The Goldman Sachs Group raised their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $676.25.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the sale, the chief financial officer now directly owns 12,198 shares in the company, valued at $7,709,257.98. The trade was a 17.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock worth $18,941,368 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Trading Down 2.4 %

NYSE:TYL opened at $614.89 on Friday. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The company has a 50 day simple moving average of $597.53 and a two-hundred day simple moving average of $596.50. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $26.45 billion, a PE ratio of 101.47, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (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%. Research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current 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.