Deutsche Bank AG Raises Position in Tyler Technologies, Inc. (NYSE:TYL)

Deutsche Bank AG increased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 49.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 160,876 shares of the technology company's stock after purchasing an additional 52,936 shares during the quarter. Deutsche Bank AG owned approximately 0.38% of Tyler Technologies worth $92,768,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of TYL. Barclays PLC grew its stake in shares of Tyler Technologies by 2.5% in the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after purchasing an additional 2,169 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares during the period. Nordea Investment Management AB lifted its holdings in Tyler Technologies by 4.1% in the fourth quarter. Nordea Investment Management AB now owns 3,796 shares of the technology company's stock valued at $2,192,000 after buying an additional 148 shares during the period. Czech National Bank lifted its holdings in Tyler Technologies by 6.8% in the fourth quarter. Czech National Bank now owns 9,280 shares of the technology company's stock valued at $5,351,000 after buying an additional 588 shares during the period. Finally, Fiduciary Alliance LLC acquired a new position in Tyler Technologies in the fourth quarter valued at $1,594,000. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were 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 approximately $46,772,561.06. This trade represents a 7.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 completion of the transaction, the director now directly owns 2,853 shares of the company's stock, valued at approximately $1,569,150. This trade represents a 11.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,462 shares of company stock worth $12,258,926. Insiders own 1.10% of the company's stock.

Tyler Technologies Stock Up 1.9%

Shares of TYL traded up $10.69 on Thursday, reaching $572.69. The company's stock had a trading volume of 166,344 shares, compared to its average volume of 259,919. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $24.70 billion, a PE ratio of 94.50, a PEG ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a twelve month low of $458.50 and a twelve month high of $661.31. The firm has a fifty day moving average of $560.95 and a 200-day moving average of $590.20.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.56 by $0.22. The firm had revenue of $562.43 million during the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The company's revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $2.20 EPS. Equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TYL. Robert W. Baird dropped their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Needham & Company LLC reiterated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday. Piper Sandler dropped their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. DA Davidson dropped their price objective on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, StockNews.com upgraded shares of Tyler Technologies from a "hold" rating to a "buy" rating in a report on Saturday, May 10th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $674.67.

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.