Asset Management One Co. Ltd. Sells 1,451 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Asset Management One Co. Ltd. decreased its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Tyler Technologies during the 4th quarter worth $528,465,000. GAMMA Investing LLC raised its position in Tyler Technologies by 57,694.7% in the first quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock valued at $510,739,000 after purchasing an additional 876,960 shares during the last quarter. Raymond James Financial Inc. bought a new position in Tyler Technologies in the fourth quarter valued at about $159,947,000. Wealthfront Advisers LLC raised its position in Tyler Technologies by 8,973.6% in the fourth quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company's stock valued at $89,052,000 after purchasing an additional 152,731 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Tyler Technologies by 897.6% in the fourth quarter. Marshall Wace LLP now owns 112,210 shares of the technology company's stock valued at $64,705,000 after purchasing an additional 100,962 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Up 0.7%

TYL stock traded up $4.30 during midday trading on Friday, hitting $581.50. The company's stock had a trading volume of 409,793 shares, compared to its average volume of 262,267. The stock's 50-day moving average price is $567.18 and its 200 day moving average price is $580.99. Tyler Technologies, Inc. has a 1 year low of $495.21 and a 1 year high of $661.31. The stock has a market cap of $25.07 billion, a price-to-earnings ratio of 87.58, a PEG ratio of 4.54 and a beta of 0.85.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The business had revenue of $562.43 million for the quarter, compared to analysts' expectations of $556.45 million. During the same quarter in the previous year, the firm earned $2.20 earnings per share. The business's revenue was up 10.3% on a year-over-year basis. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 5,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $558.86, for a total transaction of $2,794,300.00. Following the transaction, the insider now owns 6,983 shares of the company's stock, valued at $3,902,519.38. This represents a 41.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the company's stock in a transaction on Tuesday, June 10th. The shares were 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 directly owns 81,775 shares in the company, valued at $47,853,094.50. This represents a 6.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,500 shares of company stock valued at $15,177,230. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on TYL shares. Cantor Fitzgerald initiated coverage on Tyler Technologies in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 price objective for the company. Wells Fargo & Company lowered their target price on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Needham & Company LLC restated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Tuesday, May 13th. DA Davidson decreased their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $680.50.

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.