8,866 Shares in Tyler Technologies, Inc. (NYSE:TYL) Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,866 shares of the technology company’s stock, valued at approximately $3,768,000.

Several other hedge funds also recently bought and sold shares of TYL. Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies during the 4th quarter worth $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $31,000. Headlands Technologies LLC bought a new position in shares of Tyler Technologies during the 4th quarter valued at about $40,000. Lindbrook Capital LLC grew its position in shares of Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after purchasing an additional 39 shares during the period. Finally, Chilton Capital Management LLC bought a new stake in Tyler Technologies during the 4th quarter worth approximately $52,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $437.49, for a total value of $2,843,685.00. Following the transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,799,936. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction on 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 in the company, valued at approximately $6,472,083.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the completion of the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at approximately $2,799,936. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock valued at $21,974,819 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Tyler Technologies Stock Performance

Shares of Tyler Technologies stock traded up $2.67 during trading on Friday, hitting $460.74. 286,608 shares of the stock were exchanged, compared to its average volume of 228,489. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The company has a fifty day moving average price of $423.02 and a 200-day moving average price of $415.30. The stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of 104.24, a price-to-earnings-growth ratio of 4.51 and a beta of 0.81. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $465.78.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The firm had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. As a group, equities analysts predict that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. DA Davidson lifted their price target 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. Robert W. Baird upped 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. JMP Securities reiterated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a report on Friday. Oppenheimer boosted their price target on Tyler Technologies from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $465.85.

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.