Meiji Yasuda Asset Management Co Ltd. Decreases Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Meiji Yasuda Asset Management Co Ltd. reduced its position in Tyler Technologies, Inc. (NYSE:TYL – Get Rating) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,300 shares of the technology company’s stock after selling 60 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Tyler Technologies were worth $1,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bishop Rock Capital L.P. increased its position in shares of Tyler Technologies by 26,110.5% during the second quarter. Bishop Rock Capital L.P. now owns 2,336,669 shares of the technology company’s stock worth $7,028,000 after acquiring an additional 2,327,754 shares during the period. Fiera Capital Corp purchased a new position in shares of Tyler Technologies during the third quarter worth approximately $45,459,000. Price T Rowe Associates Inc. MD increased its position in shares of Tyler Technologies by 39.4% during the third quarter. Price T Rowe Associates Inc. MD now owns 392,751 shares of the technology company’s stock worth $136,482,000 after acquiring an additional 111,020 shares during the period. Invesco Ltd. increased its position in shares of Tyler Technologies by 15.3% during the first quarter. Invesco Ltd. now owns 762,769 shares of the technology company’s stock worth $339,347,000 after acquiring an additional 101,365 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Tyler Technologies by 1,551.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 85,492 shares of the technology company’s stock worth $29,708,000 after acquiring an additional 80,315 shares during the period. 89.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Tuesday, February 21st. The shares were sold at an average price of $335.00, for a total transaction of $2,010,000.00. Following the completion of the sale, the chief executive officer now directly owns 80,200 shares in the company, valued at $26,867,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO H Lynn Moore, Jr. sold 4,417 shares of Tyler Technologies stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $326.64, for a total value of $1,442,768.88. Following the sale, the chief executive officer now owns 89,905 shares in the company, valued at $29,366,569.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $335.00, for a total transaction of $2,010,000.00. Following the completion of the sale, the chief executive officer now owns 80,200 shares in the company, valued at approximately $26,867,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,060 shares of company stock worth $5,599,751. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TYL. Barclays reduced their target price on shares of Tyler Technologies from $365.00 to $350.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 11th. Needham & Company LLC reiterated a “buy” rating and set a $475.00 price objective on shares of Tyler Technologies in a research note on Friday, February 17th. Credit Suisse Group dropped their price objective on shares of Tyler Technologies from $375.00 to $370.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 21st. Robert W. Baird dropped their price objective on shares of Tyler Technologies from $460.00 to $440.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 13th. Finally, Piper Sandler lowered their target price on shares of Tyler Technologies from $468.00 to $450.00 and set an “overweight” rating for the company in a research note on Friday, February 17th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $433.62.

Tyler Technologies Trading Up 0.9 %

NYSE:TYL opened at $325.07 on Wednesday. Tyler Technologies, Inc. has a 12 month low of $281.11 and a 12 month high of $453.03. The firm has a fifty day simple moving average of $323.83 and a 200-day simple moving average of $331.73. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $13.59 billion, a P/E ratio of 84.00 and a beta of 0.81.

Tyler Technologies Company 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.