Asset Management One Co. Ltd. Decreases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Asset Management One Co. Ltd. trimmed its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 4.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,442 shares of the technology company's stock after selling 1,451 shares during the period. Asset Management One Co. Ltd. owned approximately 0.08% of Tyler Technologies worth $18,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TYL. Amalgamated Bank raised its holdings in shares of Tyler Technologies by 0.4% during the 4th quarter. Amalgamated Bank now owns 8,911 shares of the technology company's stock worth $5,138,000 after acquiring an additional 35 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in shares of Tyler Technologies by 15.7% during the 4th quarter. Illinois Municipal Retirement Fund now owns 4,323 shares of the technology company's stock worth $2,493,000 after acquiring an additional 588 shares in the last quarter. Cavalier Investments LLC raised its holdings in shares of Tyler Technologies by 3.1% during the 4th quarter. Cavalier Investments LLC now owns 1,580 shares of the technology company's stock worth $911,000 after acquiring an additional 48 shares in the last quarter. Kirtland Hills Capital Management LLC raised its holdings in shares of Tyler Technologies by 6.4% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 1,684 shares of the technology company's stock worth $971,000 after acquiring an additional 101 shares in the last quarter. Finally, Argonautica Private Wealth Management Inc. raised its holdings in shares of Tyler Technologies by 2.2% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,123 shares of the technology company's stock worth $648,000 after acquiring an additional 24 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total value of $3,072,195.00. Following the transaction, the chief executive officer now owns 81,775 shares of the company's stock, valued at $47,853,094.50. This represents a 6.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel M. Pope sold 365 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $550.00, for a total value of $200,750.00. Following the transaction, the director now directly owns 2,853 shares in the company, valued at $1,569,150. The trade was a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock valued at $15,177,230 in the last quarter. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Down 1.1%

Shares of Tyler Technologies stock opened at $581.95 on Thursday. The stock's fifty day moving average is $566.81 and its two-hundred day moving average is $582.16. The company has a market capitalization of $25.09 billion, a PE ratio of 87.64, a price-to-earnings-growth ratio of 4.60 and a beta of 0.84. Tyler Technologies, Inc. has a 52 week low of $484.05 and a 52 week high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced 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 company had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. Tyler Technologies's quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 EPS. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Cantor Fitzgerald assumed coverage on Tyler Technologies in a report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a report on Tuesday, May 13th. Robert W. Baird decreased their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. DA Davidson decreased their price target on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Barclays decreased their price target on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Five 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $680.50.

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.

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