Trust Asset Management LLC Makes New $202,000 Investment in Tyler Technologies, Inc. (NYSE:TYL)

Trust Asset Management LLC purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 482 shares of the technology company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Tyler Technologies by 0.6% during the third quarter. Vanguard Group Inc. now owns 4,913,419 shares of the technology company’s stock valued at $1,897,268,000 after acquiring an additional 29,578 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Tyler Technologies by 0.4% during the third quarter. Principal Financial Group Inc. now owns 1,268,954 shares of the technology company’s stock valued at $489,994,000 after acquiring an additional 5,013 shares during the period. Morgan Stanley boosted its holdings in shares of Tyler Technologies by 21.1% during the third quarter. Morgan Stanley now owns 1,015,713 shares of the technology company’s stock valued at $392,208,000 after acquiring an additional 177,242 shares during the period. Invesco Ltd. boosted its holdings in shares of Tyler Technologies by 6.5% during the third quarter. Invesco Ltd. now owns 860,928 shares of the technology company’s stock valued at $332,439,000 after acquiring an additional 52,798 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in shares of Tyler Technologies by 3.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 823,952 shares of the technology company’s stock valued at $318,161,000 after acquiring an additional 28,157 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of Tyler Technologies stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the transaction, the chief financial officer now owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total value of $4,359,800.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Brian K. Miller sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the completion of the sale, the chief financial officer now directly owns 14,610 shares of the company’s stock, valued at approximately $6,472,083.90. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock valued at $21,974,819 in the last 90 days. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Trading Up 9.4 %

NYSE TYL traded up $39.45 on Thursday, hitting $458.45. 503,041 shares of the company were exchanged, compared to its average volume of 210,935. The company’s 50 day moving average price is $422.28 and its 200-day moving average price is $414.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $19.46 billion, a P/E ratio of 117.85, a price-to-earnings-growth ratio of 4.12 and a beta of 0.81. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $464.81.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The firm had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. Analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TYL shares. JMP Securities restated a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. Needham & Company LLC restated a “buy” rating and set a $500.00 price objective on shares of Tyler Technologies in a research note on Thursday. Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. Finally, DA Davidson boosted their price target on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $460.46.

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.