2,773 Shares in Tyler Technologies, Inc. (NYSE:TYL) Acquired by WCM Investment Management LLC

WCM Investment Management LLC purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,773 shares of the technology company's stock, valued at approximately $1,160,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TYL. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Tyler Technologies by 7.6% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,205 shares of the technology company's stock valued at $465,000 after buying an additional 85 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Tyler Technologies by 4.9% in the 4th quarter. Raymond James Trust N.A. now owns 1,515 shares of the technology company's stock worth $633,000 after buying an additional 71 shares during the last quarter. Nordea Investment Management AB boosted its stake in Tyler Technologies by 4.6% in the 4th quarter. Nordea Investment Management AB now owns 2,600 shares of the technology company's stock worth $1,091,000 after buying an additional 115 shares during the last quarter. DNB Asset Management AS acquired a new stake in Tyler Technologies in the 4th quarter worth about $5,040,000. Finally, MCF Advisors LLC acquired a new stake in Tyler Technologies in the 3rd quarter worth about $1,737,000. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,500 shares of the firm's stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the completion of the sale, the insider now directly owns 6,400 shares of the company's stock, valued at approximately $2,738,048. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total value of $4,359,800.00. Following the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at approximately $32,698,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,500 shares of the firm's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at approximately $2,738,048. The disclosure for this sale can be found here. Insiders sold 50,608 shares of company stock worth $21,974,819 in the last quarter. 1.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TYL shares. JMP Securities reaffirmed a "market outperform" rating and issued a $490.00 price objective on shares of Tyler Technologies in a research note on Friday, February 16th. Needham & Company LLC lifted their price objective on Tyler Technologies from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. JPMorgan Chase & Co. boosted their price target on Tyler Technologies from $500.00 to $526.00 and gave the stock an "overweight" rating in a research report on Thursday, February 15th. Piper Sandler boosted their price target on Tyler Technologies from $480.00 to $520.00 and gave the stock an "overweight" rating in a research report on Friday, February 16th. Finally, DA Davidson boosted their price target on Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $457.86.

Tyler Technologies Stock Performance

TYL stock traded down $12.68 during trading on Monday, reaching $400.68. 172,017 shares of the company's stock were exchanged, compared to its average volume of 203,861. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $454.74. The company's fifty day moving average price is $426.13 and its 200-day moving average price is $413.55. The firm has a market cap of $17.00 billion, a PE ratio of 103.00, a P/E/G ratio of 4.07 and a beta of 0.81.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $480.94 million during the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. On average, research analysts expect that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

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.