IFM Investors Pty Ltd Acquires Shares of 8,866 Tyler Technologies, Inc. (NYSE:TYL)

IFM Investors Pty Ltd bought a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,866 shares of the technology company's stock, valued at approximately $3,768,000.

Other hedge funds have also recently modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new stake in shares of Tyler Technologies in the fourth quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Tyler Technologies in the 4th quarter worth about $31,000. Headlands Technologies LLC acquired a new position in Tyler Technologies in the 4th quarter worth about $40,000. Lindbrook Capital LLC raised its holdings in Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company's stock worth $49,000 after purchasing an additional 39 shares during the period. Finally, Chilton Capital Management LLC acquired a new position in Tyler Technologies in the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,698,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the 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 completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,698,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total value of $3,263,925.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company's stock, valued at $32,639,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,608 shares of company stock worth $21,974,819. Company insiders own 2.20% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. JMP Securities reaffirmed a "market outperform" rating and issued a $490.00 price target on shares of Tyler Technologies in a report on Friday. DA Davidson upped their price target on Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a report on Thursday, February 22nd. Needham & Company LLC reaffirmed a "buy" rating and issued a $500.00 price target on shares of Tyler Technologies in a report on Thursday. Piper Sandler reissued an "overweight" rating and set a $520.00 target price on shares of Tyler Technologies in a report on Wednesday. Finally, Robert W. Baird increased their target price on Tyler Technologies from $500.00 to $525.00 and gave the company an "outperform" rating in a report on Friday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Tyler Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $465.85.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded up $2.67 during midday trading on Friday, hitting $460.74. The company had a trading volume of 286,608 shares, compared to its average volume of 228,489. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $465.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.86. The stock has a market cap of $19.56 billion, a price-to-earnings ratio of 104.24, a price-to-earnings-growth ratio of 4.51 and a beta of 0.81. The business's 50-day simple moving average is $423.02 and its 200-day simple moving average is $415.30.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The firm had revenue of $480.94 million during the quarter, compared to analysts' expectations of $483.34 million. On average, research analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

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.