Mitsubishi UFJ Asset Management Co. Ltd. Buys 4,643 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYLFree Report) by 12.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 42,820 shares of the technology company’s stock after acquiring an additional 4,643 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Tyler Technologies were worth $17,423,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Baron Wealth Management LLC boosted its position in shares of Tyler Technologies by 2.0% during the fourth quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock worth $612,000 after buying an additional 29 shares during the period. Centered Wealth LLC dba Miller Equity Capital Advisors raised its holdings in shares of Tyler Technologies by 0.8% in the fourth quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock valued at $1,639,000 after purchasing an additional 30 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in Tyler Technologies by 5.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock worth $280,000 after purchasing an additional 33 shares during the last quarter. Allred Capital Management LLC grew its position in Tyler Technologies by 0.8% in the third quarter. Allred Capital Management LLC now owns 4,663 shares of the technology company’s stock valued at $1,801,000 after purchasing an additional 36 shares in the last quarter. Finally, Concord Wealth Partners increased its stake in Tyler Technologies by 9.6% in the 4th quarter. Concord Wealth Partners now owns 410 shares of the technology company’s stock valued at $171,000 after buying an additional 36 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE:TYL opened at $489.14 on Friday. The stock’s 50-day moving average is $436.22 and its 200-day moving average is $425.78. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $492.57. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. The stock has a market cap of $20.77 billion, a P/E ratio of 110.67, a price-to-earnings-growth ratio of 4.56 and a beta of 0.76.

Tyler Technologies (NYSE:TYLGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $512.36 million for the quarter, compared to analysts’ expectations of $507.79 million. Equities research analysts anticipate that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a research note on Wednesday, April 24th. JPMorgan Chase & Co. lifted their price objective on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. JMP Securities restated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research note on Friday, April 26th. DA Davidson boosted their price target on Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, 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, April 25th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $492.22.

Read Our Latest Research Report on TYL

Insiders Place Their Bets

In other Tyler Technologies news, Director Daniel M. Pope sold 520 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the sale, the director now owns 3,493 shares of the company’s stock, valued at $1,715,691.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,639,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel M. Pope sold 520 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $491.18, for a total transaction of $255,413.60. Following the sale, the director now owns 3,493 shares of the company’s stock, valued at approximately $1,715,691.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,049 shares of company stock worth $31,195,345. 2.20% of the stock is currently owned by insiders.

Tyler Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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