GAMMA Investing LLC Takes $196,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

GAMMA Investing LLC acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 463 shares of the technology company’s stock, valued at approximately $196,000.

Other institutional investors also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. boosted its stake in Tyler Technologies by 7.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company’s stock worth $465,000 after acquiring an additional 85 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Tyler Technologies by 4.9% during the fourth quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company’s stock worth $633,000 after acquiring an additional 71 shares in the last quarter. Nordea Investment Management AB boosted its stake in Tyler Technologies by 4.6% during the fourth quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company’s stock worth $1,091,000 after acquiring an additional 115 shares in the last quarter. DNB Asset Management AS bought a new position in Tyler Technologies during the fourth quarter worth $5,040,000. Finally, NBW Capital LLC boosted its stake in Tyler Technologies by 50.7% during the fourth quarter. NBW Capital LLC now owns 13,345 shares of the technology company’s stock worth $5,580,000 after acquiring an additional 4,489 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TYL shares. Robert W. Baird increased their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Tyler Technologies in a research note on Thursday. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday. DA Davidson raised their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research note on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $465.85.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $460.74 on Friday. The firm has a 50-day moving average of $422.62 and a 200-day moving average of $414.83. The company has a market cap of $19.56 billion, a P/E ratio of 104.24, a P/E/G ratio of 4.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.86. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $465.78.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The company had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. Equities research analysts forecast that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $32,698,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at $32,698,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the sale, the insider now owns 6,400 shares of the company’s stock, valued at approximately $2,738,048. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,608 shares of company stock worth $21,974,819. Insiders own 2.20% of the company’s stock.

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.