Nomura Holdings Inc. Buys New Position in Tyler Technologies, Inc. (NYSE:TYL)

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

Several other institutional investors have also recently made changes to their positions in the stock. Barclays PLC increased its holdings in Tyler Technologies by 2.5% during the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock worth $51,543,000 after buying an additional 2,169 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Tyler Technologies by 148.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after acquiring an additional 275,511 shares during the period. Merit Financial Group LLC acquired a new position in shares of Tyler Technologies during the 4th quarter worth about $305,000. Ameritas Advisory Services LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at about $288,000. Finally, Jackson Square Capital LLC raised its holdings in shares of Tyler Technologies by 5.1% in the 4th quarter. Jackson Square Capital LLC now owns 2,238 shares of the technology company's stock valued at $1,291,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TYL shares. Wall Street Zen downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday. Piper Sandler decreased their target price on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Barclays dropped their price target on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company reduced their price objective on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $687.82.

Tyler Technologies Stock Performance

NYSE TYL traded up $0.90 during trading on Thursday, reaching $567.72. The company's stock had a trading volume of 164,576 shares, compared to its average volume of 260,566. The firm has a 50 day moving average price of $561.82 and a 200 day moving average price of $588.98. Tyler Technologies, Inc. has a 12 month low of $458.50 and a 12 month high of $661.31. The firm has a market capitalization of $24.48 billion, a price-to-earnings ratio of 93.68, 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 (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 10.15% and a net margin of 12.30%. The company's revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.20 EPS. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tyler Technologies news, Director Brenda A. Cline sold 2,500 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $577.41, for a total transaction of $1,443,525.00. Following the completion of the sale, the director now directly owns 2,519 shares in the company, valued at $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 is available at the SEC website. Also, Director Daniel M. Pope sold 365 shares of Tyler Technologies stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the transaction, the director now owns 2,853 shares in the company, valued at approximately $1,569,150. The trade was a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,962 shares of company stock worth $13,702,451 over the last ninety days. Corporate insiders own 1.10% of the company's stock.

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.