Mufg Securities Americas Inc. Acquires New Position in Tyler Technologies, Inc. (NYSE:TYL)

Mufg Securities Americas Inc. purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 632 shares of the technology company's stock, valued at approximately $364,000.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after buying an additional 31 shares during the last quarter. Sierra Ocean LLC purchased a new position in Tyler Technologies during the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. raised its position in Tyler Technologies by 300.0% during 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 purchased a new position in Tyler Technologies during the 4th quarter worth approximately $40,000. Finally, OFI Invest Asset Management purchased a new position in shares of Tyler Technologies during the 4th quarter valued at approximately $41,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock traded up $1.69 during trading hours on Thursday, reaching $568.51. 41,036 shares of the company's stock were exchanged, compared to its average volume of 276,210. Tyler Technologies, Inc. has a 1 year low of $458.50 and a 1 year high of $661.31. The company has a market capitalization of $24.52 billion, a P/E ratio of 93.82, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The business has a fifty day moving average of $561.82 and a two-hundred day moving average of $588.98. The company has a quick ratio of 1.21, a current ratio of 1.35 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 (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 during the quarter, compared to analyst estimates of $556.45 million. During the same quarter in the prior year, the firm earned $2.20 earnings per share. The company's revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Transactions at Tyler Technologies

In related news, Director Brenda A. Cline sold 2,500 shares of the company's 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 sale, the director now owns 2,519 shares of the company's stock, valued at approximately $1,454,495.79. This represents a 49.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares of the company's stock, valued at $4,322,477. This represents a 46.21% decrease in their position. 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 corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Truist Financial reiterated a "buy" rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Robert W. Baird decreased their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Wall Street Zen cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday. Needham & Company LLC reiterated a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a research note on Tuesday, May 13th. Finally, Piper Sandler decreased their target price on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $687.82.

About Tyler Technologies

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.