Nomura Holdings Inc. Makes New $1.19 Million Investment in Tyler Technologies, Inc. (NYSE:TYL)

Nomura Holdings Inc. bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,064 shares of the technology company's stock, valued at approximately $1,190,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TYL. Larson Financial Group LLC raised its position in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after acquiring an additional 31 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its stake in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Tyler Technologies in the 4th quarter worth about $40,000. Finally, OFI Invest Asset Management acquired a new stake in Tyler Technologies in the 4th quarter worth about $41,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

NYSE TYL traded down $0.18 on Friday, reaching $567.24. The company's stock had a trading volume of 181,225 shares, compared to its average volume of 261,592. Tyler Technologies, Inc. has a twelve month low of $458.50 and a twelve month high of $661.31. 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 stock has a market cap of $24.46 billion, a PE ratio of 93.60, a PEG ratio of 4.93 and a beta of 0.88. The firm's 50 day moving average is $561.52 and its two-hundred day moving average is $588.38.

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 (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.22. The firm 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 10.15% and a net margin of 12.30%. The business's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.20 EPS. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Wall Street Analysts Forecast Growth

TYL has been the topic of several recent research reports. The Goldman Sachs Group boosted their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. DA Davidson reduced 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 downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Wednesday. Piper Sandler dropped their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Barclays dropped their price objective on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $687.82.

Insiders Place Their Bets

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brenda A. Cline sold 2,500 shares of Tyler Technologies stock in a transaction dated Friday, May 16th. The shares were 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 directly owns 2,519 shares of the company's stock, valued at $1,454,495.79. This represents a 49.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,962 shares of company stock valued at $13,702,451 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

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.