Thematics Asset Management Acquires 6,191 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Thematics Asset Management boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 23.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,152 shares of the technology company’s stock after purchasing an additional 6,191 shares during the quarter. Thematics Asset Management owned about 0.08% of Tyler Technologies worth $18,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its position in shares of Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock valued at $26,000 after acquiring an additional 31 shares during the period. Sierra Ocean LLC bought a new stake in Tyler Technologies in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its holdings in Tyler Technologies by 300.0% in the 4th 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 acquired a new stake in Tyler Technologies in the 4th quarter worth $41,000. Finally, Smithfield Trust Co increased its holdings in shares of Tyler Technologies by 55.6% during the 4th 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.

Tyler Technologies Trading Up 0.2 %

Shares of TYL stock opened at $570.61 on Friday. The company has a market capitalization of $24.60 billion, a P/E ratio of 94.16, a P/E/G ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 12-month low of $403.65 and a 12-month high of $661.31. 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 50-day moving average price of $586.11 and a 200 day moving average price of $595.19.

Tyler Technologies (NYSE:TYL) last posted its earnings results 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 fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on TYL shares. Needham & Company LLC reissued a “buy” rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. DA Davidson restated a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Barclays reduced their target price on Tyler Technologies from $715.00 to $700.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Piper Sandler boosted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $675.00.

Insiders Place Their Bets

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated 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 of the company’s stock, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was 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 trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is currently owned by corporate insiders.

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.