UBS Group AG Has $12.33 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

UBS Group AG grew its position in Tyler Technologies, Inc. (NYSE:TYL – Get Rating) by 44.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,242 shares of the technology company’s stock after purchasing an additional 11,857 shares during the period. UBS Group AG’s holdings in Tyler Technologies were worth $12,330,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TYL. Allspring Global Investments Holdings LLC boosted its stake in shares of Tyler Technologies by 5,230.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 204,809 shares of the technology company’s stock worth $66,032,000 after acquiring an additional 200,967 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Tyler Technologies by 39.4% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 392,751 shares of the technology company’s stock valued at $136,482,000 after purchasing an additional 111,020 shares during the period. Invesco Ltd. boosted its stake in Tyler Technologies by 15.3% during the 1st quarter. Invesco Ltd. now owns 762,769 shares of the technology company’s stock valued at $339,347,000 after purchasing an additional 101,365 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in Tyler Technologies by 1,551.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 85,492 shares of the technology company’s stock valued at $29,708,000 after purchasing an additional 80,315 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Tyler Technologies by 101.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 157,542 shares of the technology company’s stock valued at $52,380,000 after purchasing an additional 79,289 shares during the period. 89.45% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Stock Down 1.4 %

Shares of TYL opened at $394.04 on Monday. The firm has a market capitalization of $16.52 billion, a price-to-earnings ratio of 107.66 and a beta of 0.84. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.89. The business’s fifty day moving average price is $361.95 and its two-hundred day moving average price is $336.46. Tyler Technologies, Inc. has a 52 week low of $281.11 and a 52 week high of $425.80.

Analysts Set New Price Targets

Several brokerages recently weighed in on TYL. Wolfe Research increased their target price on Tyler Technologies from $365.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, April 28th. DA Davidson cut Tyler Technologies from a “buy” rating to a “neutral” rating and set a $395.00 price target for the company. in a report on Friday, April 28th. Piper Sandler upped their price target on Tyler Technologies from $450.00 to $465.00 in a report on Friday, April 28th. Robert W. Baird upped their price target on Tyler Technologies from $440.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Finally, The Goldman Sachs Group raised Tyler Technologies from a “neutral” rating to a “buy” rating and increased their target price for the stock from $301.00 to $424.00 in a report on Tuesday, April 18th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Tyler Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $435.38.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 4,417 shares of the stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $326.64, for a total value of $1,442,768.88. Following the transaction, the chief executive officer now directly owns 89,905 shares in the company, valued at approximately $29,366,569.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO H Lynn Moore, Jr. sold 4,905 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $379.41, for a total value of $1,861,006.05. Following the transaction, the chief executive officer now directly owns 85,000 shares in the company, valued at approximately $32,249,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 4,417 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $326.64, for a total value of $1,442,768.88. Following the completion of the transaction, the chief executive officer now owns 89,905 shares in the company, valued at $29,366,569.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,803 shares of company stock worth $11,467,625. Insiders own 2.20% of the company’s stock.

Tyler Technologies Profile

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Tyler Technologies, Inc engages in the provision of integrated technology and management solutions and services for the public sector with a focus on local governments. It operates through the following segments: Enterprise Software and Appraisal and Tax. The Enterprise Software segment provides municipal and county governments and schools with software systems to meet their information technology and automation needs for mission-critical back-office functions such as financial management, courts and justice processes.