International Assets Investment Management LLC Increases Holdings in Tyler Technologies, Inc. (NYSE:TYL)

International Assets Investment Management LLC lifted its position in Tyler Technologies, Inc. (NYSE:TYL) by 41,712.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,265 shares of the technology company’s stock after purchasing an additional 52,140 shares during the quarter. International Assets Investment Management LLC owned about 0.12% of Tyler Technologies worth $21,853,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of TYL. American Century Companies Inc. raised its stake in shares of Tyler Technologies by 13.1% in the first quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock worth $591,000 after purchasing an additional 154 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of Tyler Technologies by 69.1% in the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock worth $1,082,000 after purchasing an additional 993 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Tyler Technologies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock worth $2,439,000 after purchasing an additional 340 shares during the last quarter. Raymond James Trust N.A. raised its stake in shares of Tyler Technologies by 4.3% in the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock worth $466,000 after purchasing an additional 43 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Tyler Technologies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock worth $52,683,000 after purchasing an additional 934 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Tyler Technologies Price Performance

TYL stock opened at $411.85 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $17.48 billion, a PE ratio of 105.87, a P/E/G ratio of 4.12 and a beta of 0.81. Tyler Technologies, Inc. has a 12-month low of $349.89 and a 12-month high of $454.74. The business’s fifty day moving average price is $427.34 and its 200 day moving average price is $412.87.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The company had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 6.77 EPS for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the sale, the chief financial officer now owns 14,610 shares in the company, valued at approximately $6,472,083.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Brian K. Miller sold 5,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $442.99, for a total value of $2,214,950.00. Following the transaction, the chief financial officer now owns 14,610 shares in the company, valued at approximately $6,472,083.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were 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 owns 75,000 shares in the company, valued at approximately $32,698,500. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock worth $21,974,819 in the last quarter. 1.50% of the stock is owned by company insiders.

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.