International Assets Investment Management LLC bought a new stake in Tyler Technologies, Inc. (NYSE:TYL – Get Rating) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,083 shares of the technology company’s stock, valued at approximately $349,000.
A number of other large investors have also recently modified their holdings of the business. Boston Financial Mangement LLC boosted its holdings in shares of Tyler Technologies by 0.3% in the 4th quarter. Boston Financial Mangement LLC now owns 79,279 shares of the technology company’s stock valued at $25,560,000 after purchasing an additional 255 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in shares of Tyler Technologies by 9.5% in the 4th quarter. Natixis Advisors L.P. now owns 22,484 shares of the technology company’s stock valued at $7,249,000 after purchasing an additional 1,947 shares in the last quarter. State of Michigan Retirement System boosted its holdings in shares of Tyler Technologies by 0.9% in the 4th quarter. State of Michigan Retirement System now owns 11,337 shares of the technology company’s stock valued at $3,655,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Tyler Technologies by 2.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,213 shares of the technology company’s stock valued at $1,036,000 after purchasing an additional 65 shares in the last quarter. Finally, Comerica Bank boosted its holdings in shares of Tyler Technologies by 24.3% in the 4th quarter. Comerica Bank now owns 10,190 shares of the technology company’s stock valued at $3,252,000 after purchasing an additional 1,992 shares in the last quarter. Institutional investors and hedge funds own 89.45% of the company’s stock.
Tyler Technologies Stock Up 0.3 %
Shares of NYSE:TYL opened at $364.37 on Friday. The firm has a market cap of $15.27 billion, a P/E ratio of 94.15 and a beta of 0.84. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.36. Tyler Technologies, Inc. has a 12-month low of $281.11 and a 12-month high of $425.80. The business has a fifty day simple moving average of $334.49 and a 200 day simple moving average of $328.69.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on TYL. Piper Sandler reaffirmed an “overweight” rating and issued a $450.00 target price on shares of Tyler Technologies in a report on Monday, April 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $475.00 price target on shares of Tyler Technologies in a research note on Friday, February 17th. StockNews.com started coverage on Tyler Technologies in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Credit Suisse Group dropped their price target on Tyler Technologies from $375.00 to $370.00 and set a “neutral” rating for the company in a research note on Tuesday, February 21st. Finally, Barclays increased their price target on Tyler Technologies from $350.00 to $370.00 in a research note on Thursday. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $435.15.
Insiders Place Their Bets
In other Tyler Technologies news, CFO Brian K. Miller sold 838 shares of the stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $326.37, for a total transaction of $273,498.06. Following the completion of the sale, the chief financial officer now directly owns 18,456 shares in the company, valued at approximately $6,023,484.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Tyler Technologies news, CFO Brian K. Miller sold 838 shares of the stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $326.37, for a total transaction of $273,498.06. Following the completion of the sale, the chief financial officer now directly owns 18,456 shares in the company, valued at approximately $6,023,484.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Pope sold 1,775 shares of the stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $315.83, for a total value of $560,598.25. Following the sale, the director now owns 5,739 shares of the company’s stock, valued at $1,812,548.37. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,898 shares of company stock worth $6,195,979. Company insiders own 2.20% of the company’s stock.
Tyler Technologies Company Profile
Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for the public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.
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