GF Fund Management CO. LTD. Purchases Shares of 518 Tyler Technologies, Inc. (NYSE:TYL)

GF Fund Management CO. LTD. acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 518 shares of the technology company's stock, valued at approximately $299,000.

Several other institutional investors also recently modified their holdings of TYL. Larson Financial Group LLC lifted its holdings in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after acquiring an additional 31 shares during the period. Sierra Ocean LLC bought a new position in Tyler Technologies in the fourth quarter valued at about $32,000. Brown Brothers Harriman & Co. lifted its holdings in Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after acquiring an additional 42 shares during the period. Kapitalo Investimentos Ltda bought a new position in Tyler Technologies in the fourth quarter valued at about $40,000. Finally, OFI Invest Asset Management bought a new position in Tyler Technologies in the fourth quarter valued at about $41,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Down 0.2%

Shares of Tyler Technologies stock traded down $1.37 during trading on Friday, hitting $570.31. 52,357 shares of the stock traded hands, compared to its average volume of 260,662. The firm has a market cap of $24.59 billion, a P/E ratio of 94.06, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 52-week low of $458.50 and a 52-week high of $661.31. The stock's fifty day simple moving average is $561.50 and its 200 day simple moving average is $587.33.

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

Analysts Set New Price Targets

TYL has been the topic of a number of recent research reports. Barclays lowered their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Robert W. Baird decreased their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. DA Davidson decreased their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Piper Sandler decreased their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Finally, Wells Fargo & Company decreased their price objective 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $687.82.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 4,000 shares of the company's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $568.66, for a total value of $2,274,640.00. Following the transaction, the insider now owns 6,983 shares of the company's stock, valued at $3,970,952.78. This represents a 36.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,781 shares of company stock valued at $13,848,787. 1.10% of the stock is owned by company insiders.

About Tyler Technologies

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.