Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 8.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,903 shares of the technology company’s stock after buying an additional 801 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Tyler Technologies were worth $5,710,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Cerity Partners LLC raised its position in shares of Tyler Technologies by 60.6% during the 3rd quarter. Cerity Partners LLC now owns 3,847 shares of the technology company’s stock valued at $2,246,000 after acquiring an additional 1,451 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Tyler Technologies by 11.9% during the third quarter. Daiwa Securities Group Inc. now owns 5,282 shares of the technology company’s stock worth $3,083,000 after purchasing an additional 561 shares during the period. Bank of Montreal Can lifted its position in shares of Tyler Technologies by 2.6% in the 3rd quarter. Bank of Montreal Can now owns 37,826 shares of the technology company’s stock worth $21,845,000 after buying an additional 959 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Tyler Technologies by 1.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 26,212 shares of the technology company’s stock worth $15,300,000 after buying an additional 301 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Tyler Technologies by 94.1% in the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company’s stock valued at $63,812,000 after buying an additional 52,984 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group raised their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. DA Davidson reissued a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Barclays upped their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Finally, StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and an average price target of $676.25.

Tyler Technologies Trading Up 0.2 %

Tyler Technologies stock opened at $578.46 on Friday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31. The stock has a market capitalization of $24.94 billion, a PE ratio of 95.46, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The firm has a 50 day simple moving average of $599.55 and a 200-day simple moving average of $597.69. 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 issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value 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. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now owns 14,026 shares of the company’s stock, valued at $8,606,073.08. This trade represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,064 shares of company stock worth $8,688,030. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies 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.