974 Shares in Tyler Technologies, Inc. (NYSE:TYL) Acquired by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 974 shares of the technology company’s stock, valued at approximately $569,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TYL. O Shaughnessy Asset Management LLC increased its holdings in Tyler Technologies by 143.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company’s stock worth $762,000 after acquiring an additional 1,058 shares in the last quarter. 1832 Asset Management L.P. raised its stake in Tyler Technologies by 9.3% during the 1st quarter. 1832 Asset Management L.P. now owns 2,053 shares of the technology company’s stock valued at $873,000 after purchasing an additional 174 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Tyler Technologies by 18.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock worth $180,622,000 after purchasing an additional 65,814 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Tyler Technologies by 15.3% in the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock worth $226,501,000 after purchasing an additional 70,801 shares during the period. Finally, Industrial Alliance Investment Management Inc. grew its holdings in Tyler Technologies by 4.4% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 693 shares of the technology company’s stock valued at $295,000 after buying an additional 29 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $609.09 on Monday. The stock has a 50 day moving average price of $595.22 and a 200-day moving average price of $552.15. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $631.43. The stock has a market cap of $26.07 billion, a price-to-earnings ratio of 111.15, a price-to-earnings-growth ratio of 5.41 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same period in the previous year, the firm earned $1.66 earnings per share. Tyler Technologies’s quarterly revenue was up 9.8% compared to the same quarter last year. Equities analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research reports. Barclays upped their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. The Goldman Sachs Group reissued a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a report on Friday, September 13th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Needham & Company LLC boosted their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird raised their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $642.62.

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $45,436,500. This represents a 7.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Glenn A. Carter sold 3,350 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $582.57, for a total value of $1,951,609.50. Following the completion of the sale, the director now owns 2,654 shares in the company, valued at approximately $1,546,140.78. The trade was a 55.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,600 shares of company stock valued at $16,412,595 in the last ninety days. 2.20% of the stock is owned by company insiders.

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.