BLI Banque de Luxembourg Investments Invests $18.11 Million in Tyler Technologies, Inc. (NYSE:TYL)

BLI Banque de Luxembourg Investments bought a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 31,400 shares of the technology company's stock, valued at approximately $18,106,000. BLI Banque de Luxembourg Investments owned 0.07% of Tyler Technologies as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of TYL. Oak Thistle LLC increased its holdings in shares of Tyler Technologies by 213.7% in the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company's stock worth $1,342,000 after purchasing an additional 1,586 shares during the last quarter. Adage Capital Partners GP L.L.C. increased its stake in shares of Tyler Technologies by 20.7% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock valued at $24,507,000 after buying an additional 7,300 shares during the period. Kensington Investment Counsel LLC lifted its holdings in Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after buying an additional 20 shares during the period. Diversified Trust Co bought a new position in shares of Tyler Technologies in the 4th quarter worth $596,000. Finally, Fiduciary Alliance LLC purchased a new stake in shares of Tyler Technologies during the 4th quarter worth $1,594,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Performance

NYSE TYL traded down $3.07 during mid-day trading on Friday, reaching $559.74. 101,481 shares of the stock were exchanged, compared to its average volume of 257,716. The company has a market capitalization of $24.14 billion, a P/E ratio of 92.37, a P/E/G ratio of 4.93 and a beta of 0.88. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The business's 50 day moving average is $564.61 and its 200-day moving average is $591.08. Tyler Technologies, Inc. has a 1 year low of $458.50 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. During the same quarter in the previous year, the company earned $2.20 earnings per share. The company's quarterly revenue was up 10.3% on a year-over-year basis. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $550.00, for a total transaction of $200,750.00. Following the sale, the director now directly owns 2,853 shares in the company, valued at approximately $1,569,150. The trade was a 11.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,429 shares of company stock valued at $8,888,780 over the last 90 days. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird decreased their price target on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Needham & Company LLC restated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research note on Thursday, April 24th. Piper Sandler lowered their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Barclays lowered their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Finally, Truist Financial restated a "buy" rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $674.67.

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.