Qtron Investments LLC Purchases Shares of 445 Tyler Technologies, Inc. (NYSE:TYL)

Qtron Investments LLC acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 445 shares of the technology company’s stock, valued at approximately $257,000.

A number of other large investors also recently modified their holdings of TYL. Sterling Capital Management LLC lifted its holdings in Tyler Technologies by 7.0% in the 4th quarter. Sterling Capital Management LLC now owns 962 shares of the technology company’s stock worth $555,000 after purchasing an additional 63 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in shares of Tyler Technologies by 1.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 26,649 shares of the technology company’s stock worth $15,367,000 after buying an additional 372 shares in the last quarter. Scotia Capital Inc. boosted its position in shares of Tyler Technologies by 32.3% during the fourth quarter. Scotia Capital Inc. now owns 1,459 shares of the technology company’s stock worth $841,000 after acquiring an additional 356 shares during the last quarter. APG Asset Management US Inc. purchased a new position in Tyler Technologies during the fourth quarter valued at $774,000. Finally, Martingale Asset Management L P bought a new stake in Tyler Technologies in the 4th quarter valued at $2,110,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Transactions at Tyler Technologies

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

Tyler Technologies Stock Up 1.9 %

Shares of NYSE TYL opened at $568.42 on Monday. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The firm has a 50-day simple moving average of $590.08 and a two-hundred day simple moving average of $595.60. The company has a market cap of $24.50 billion, a P/E ratio of 93.80, a PEG ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last posted 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 anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on TYL. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. DA Davidson restated a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. The Goldman Sachs Group increased their target price on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Barclays boosted their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average target price 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.