Mirae Asset Global Investments Co. Ltd. Has $2.76 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Mirae Asset Global Investments Co. Ltd. lifted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 23.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,763 shares of the technology company's stock after acquiring an additional 916 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Tyler Technologies were worth $2,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TYL. Exchange Traded Concepts LLC boosted its holdings in Tyler Technologies by 12.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 501 shares of the technology company's stock valued at $291,000 after purchasing an additional 56 shares during the period. Adage Capital Partners GP L.L.C. lifted its stake in shares of Tyler Technologies by 20.7% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 42,500 shares of the technology company's stock valued at $24,507,000 after buying an additional 7,300 shares during the period. Kensington Investment Counsel LLC grew its position in Tyler Technologies by 0.8% during the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after buying an additional 20 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Tyler Technologies by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,133 shares of the technology company's stock worth $2,984,000 after purchasing an additional 31 shares in the last quarter. Finally, CX Institutional bought a new stake in Tyler Technologies in the 1st quarter valued at $176,000. Institutional investors own 93.30% of the company's stock.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction dated 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 directly owned 6,983 shares in the company, valued at approximately $3,902,519.38. The trade was a 41.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 81,775 shares of the company's stock, valued at $47,853,094.50. This represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 26,500 shares of company stock valued at $15,177,230 over the last 90 days. Company insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TYL shares. Piper Sandler lowered their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC restated a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a research report on Tuesday, May 13th. Robert W. Baird dropped their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Wall Street Zen lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, DA Davidson decreased their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and an average price target of $680.50.

Tyler Technologies Stock Performance

NYSE:TYL traded up $7.39 on Thursday, hitting $590.47. 173,785 shares of the stock were exchanged, compared to its average volume of 262,829. Tyler Technologies, Inc. has a 52 week low of $503.54 and a 52 week high of $661.31. The stock has a market capitalization of $25.46 billion, a price-to-earnings ratio of 88.93, a P/E/G ratio of 4.61 and a beta of 0.84. The company's 50-day moving average price is $568.72 and its 200 day moving average price is $580.95.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted 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 net margin of 13.23% and a return on equity of 10.29%. The business had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same period in the previous year, the firm posted $2.20 earnings per share. Tyler Technologies's revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share 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.