Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,900 shares of the technology company's stock after buying an additional 3,788 shares during the quarter. Hsbc Holdings PLC owned 0.19% of Tyler Technologies worth $46,609,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TYL. Stifel Financial Corp increased its holdings in Tyler Technologies by 14.4% in the 4th quarter. Stifel Financial Corp now owns 33,417 shares of the technology company's stock valued at $19,270,000 after purchasing an additional 4,204 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Tyler Technologies by 145.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 715 shares of the technology company's stock valued at $413,000 after buying an additional 424 shares during the period. Thematics Asset Management lifted its stake in Tyler Technologies by 23.8% during the 4th quarter. Thematics Asset Management now owns 32,152 shares of the technology company's stock worth $18,540,000 after acquiring an additional 6,191 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Tyler Technologies by 1.4% during the 4th quarter. MetLife Investment Management LLC now owns 12,911 shares of the technology company's stock valued at $7,445,000 after acquiring an additional 177 shares during the period. Finally, Norinchukin Bank The grew its position in Tyler Technologies by 4.0% in the 4th quarter. Norinchukin Bank The now owns 2,733 shares of the technology company's stock valued at $1,576,000 after acquiring an additional 106 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,064 shares of company stock valued at $8,688,030. Insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded up $2.73 during trading hours on Wednesday, reaching $536.88. The stock had a trading volume of 70,479 shares, compared to its average volume of 256,304. The firm has a market cap of $23.14 billion, a price-to-earnings ratio of 88.56, a PEG ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a fifty-two week low of $452.57 and a fifty-two week high of $661.31. The firm has a 50-day moving average of $573.02 and a 200-day moving average of $593.07. 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 announced its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The business had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. During the same period last year, the firm posted $2.20 earnings per share. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TYL. Wells Fargo & Company reduced their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. StockNews.com raised Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Needham & Company LLC reiterated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 24th. Finally, DA Davidson reduced their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and an average price target of $674.67.

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.