IFM Investors Pty Ltd Has $5.62 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

IFM Investors Pty Ltd increased its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 6.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,630 shares of the technology company's stock after buying an additional 541 shares during the period. IFM Investors Pty Ltd's holdings in Tyler Technologies were worth $5,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Calamos Advisors LLC increased its stake in shares of Tyler Technologies by 1.1% in the first quarter. Calamos Advisors LLC now owns 29,431 shares of the technology company's stock worth $17,111,000 after buying an additional 328 shares during the last quarter. Tandem Investment Advisors Inc. increased its stake in Tyler Technologies by 22.5% during the first quarter. Tandem Investment Advisors Inc. now owns 8,794 shares of the technology company's stock valued at $5,113,000 after purchasing an additional 1,617 shares during the last quarter. Private Trust Co. NA increased its stake in Tyler Technologies by 68.2% during the first quarter. Private Trust Co. NA now owns 143 shares of the technology company's stock valued at $83,000 after purchasing an additional 58 shares during the last quarter. Rossby Financial LCC bought a new stake in Tyler Technologies during the first quarter valued at $67,000. Finally, DAVENPORT & Co LLC increased its stake in Tyler Technologies by 86.6% during the first quarter. DAVENPORT & Co LLC now owns 1,146 shares of the technology company's stock valued at $666,000 after purchasing an additional 532 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Down 0.1%

TYL stock traded down $0.48 during trading on Monday, hitting $589.56. The company had a trading volume of 235,921 shares, compared to its average volume of 263,667. The firm has a market capitalization of $25.42 billion, a price-to-earnings ratio of 88.79, a P/E/G ratio of 4.61 and a beta of 0.84. The business has a 50 day moving average of $571.25 and a 200 day moving average of $580.51. Tyler Technologies, Inc. has a fifty-two week low of $503.54 and a fifty-two week high of $661.31.

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 for the quarter, topping the consensus estimate of $2.56 by $0.22. The business 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 13.23% and a return on equity of 10.29%. The company's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.20 earnings per share. As a group, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 4,000 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $568.66, for a total value of $2,274,640.00. Following the sale, the insider directly owned 6,983 shares in the company, valued at approximately $3,970,952.78. The trade was a 36.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the completion of the sale, the chief executive officer owned 81,775 shares in the company, valued at approximately $47,853,094.50. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $15,177,230 in the last quarter. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TYL. Wells Fargo & Company lowered their target price on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Wall Street Zen lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, May 21st. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $600.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and set a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Finally, DA Davidson lowered their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. 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.com, Tyler Technologies has a consensus rating of "Moderate Buy" and an average price target of $680.50.

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.