1,343 Shares in Tyler Technologies, Inc. (NYSE:TYL) Acquired by APG Asset Management US Inc.

APG Asset Management US Inc. acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,343 shares of the technology company’s stock, valued at approximately $774,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in Tyler Technologies by 221.4% in the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock valued at $26,000 after purchasing an additional 31 shares during the last quarter. Sierra Ocean LLC bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $32,000. Brown Brothers Harriman & Co. lifted its position in Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock valued at $32,000 after purchasing an additional 42 shares during the last quarter. OFI Invest Asset Management bought a new stake in Tyler Technologies in the fourth quarter valued at approximately $41,000. Finally, Smithfield Trust Co lifted its position in Tyler Technologies by 55.6% in the fourth quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock valued at $48,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TYL shares. Barclays boosted their price objective on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Wells Fargo & Company restated an “equal weight” rating and set a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. StockNews.com upgraded Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, April 3rd. Truist Financial reissued a “buy” rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Finally, 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 report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average target price of $676.25.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the business’s 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 owns 14,026 shares of the company’s stock, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 in the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Up 8.5 %

Tyler Technologies stock opened at $565.86 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market capitalization of $24.39 billion, a price-to-earnings ratio of 93.38, a PEG ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The business has a fifty day moving average price of $591.80 and a 200-day moving average price of $595.75.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.