Czech National Bank Purchases 550 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Czech National Bank increased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,830 shares of the technology company's stock after buying an additional 550 shares during the period. Czech National Bank's holdings in Tyler Technologies were worth $5,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Norges Bank purchased a new position in shares of Tyler Technologies during the 4th quarter valued at $528,465,000. GAMMA Investing LLC raised its holdings in shares of Tyler Technologies by 57,694.7% in the 1st quarter. GAMMA Investing LLC now owns 878,480 shares of the technology company's stock valued at $510,739,000 after acquiring an additional 876,960 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Tyler Technologies by 1,991.8% during the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after acquiring an additional 524,259 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tyler Technologies during the 4th quarter valued at about $159,947,000. Finally, JPMorgan Chase & Co. increased its position in shares of Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock worth $269,369,000 after purchasing an additional 275,511 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays cut their price target 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. Wells Fargo & Company reduced their target price on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. DA Davidson lowered their price target on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, The Goldman Sachs Group raised their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $680.50.

Insider Activity

In other Tyler Technologies news, Director Brenda A. Cline sold 2,500 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $577.41, for a total value of $1,443,525.00. Following the completion of the transaction, the director now owns 2,519 shares in the company, valued at approximately $1,454,495.79. This represents a 49.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 1,033 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $557.45, for a total transaction of $575,845.85. Following the sale, the chief financial officer now owns 13,028 shares in the company, valued at approximately $7,262,458.60. This trade represents a 7.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,231 shares of company stock valued at $9,183,738. Company insiders own 1.10% of the company's stock.

Tyler Technologies Trading Up 0.5%

NYSE:TYL traded up $3.07 during midday trading on Friday, reaching $576.86. 85,537 shares of the stock traded hands, compared to its average volume of 275,773. The stock has a market capitalization of $24.88 billion, a P/E ratio of 95.28, a PEG ratio of 4.93 and a beta of 0.84. 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 company has a fifty day moving average of $560.89 and a 200 day moving average of $586.08. Tyler Technologies, Inc. has a 12 month low of $458.50 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued 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 the consensus estimate of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The company's quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.20 earnings per share. On average, research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

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.