Daiwa Securities Group Inc. Has $1.79 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Daiwa Securities Group Inc. grew its position in Tyler Technologies, Inc. (NYSE:TYLFree Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,201 shares of the technology company’s stock after buying an additional 260 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Tyler Technologies were worth $1,785,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new position in Tyler Technologies in the 4th quarter worth approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Tyler Technologies in the 4th quarter worth approximately $31,000. Headlands Technologies LLC acquired a new stake in shares of Tyler Technologies during the 4th quarter valued at $40,000. Lindbrook Capital LLC increased its stake in shares of Tyler Technologies by 50.6% in the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after acquiring an additional 39 shares during the last quarter. Finally, Chilton Capital Management LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth $52,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Shares of TYL opened at $509.07 on Wednesday. The company has a market capitalization of $21.62 billion, a PE ratio of 115.17, a price-to-earnings-growth ratio of 4.80 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $519.44. The company’s fifty day moving average price is $485.89 and its 200 day moving average price is $446.51.

Tyler Technologies (NYSE:TYLGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.26. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The business had revenue of $512.36 million for the quarter, compared to analyst estimates of $507.79 million. As a group, analysts expect that Tyler Technologies, Inc. will post 7.1 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Loop Capital boosted their target price on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. JMP Securities reissued a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research note on Friday, April 26th. Truist Financial reaffirmed a “buy” rating and set a $560.00 price objective (up previously from $510.00) on shares of Tyler Technologies in a research report on Thursday, May 23rd. Piper Sandler reissued an “overweight” rating and issued a $520.00 target price on shares of Tyler Technologies in a research report on Wednesday, April 24th. Finally, Needham & Company LLC raised their price target on shares of Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $519.09.

Get Our Latest Stock Report on Tyler Technologies

Insider Transactions at Tyler Technologies

In other news, Director Brenda A. Cline sold 5,000 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the sale, the director now owns 1,358 shares in the company, valued at $623,091.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Brian K. Miller sold 800 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $479.28, for a total transaction of $383,424.00. Following the completion of the transaction, the chief financial officer now owns 12,736 shares of the company’s stock, valued at $6,104,110.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The disclosure for this sale can be found here. Insiders sold a total of 26,241 shares of company stock worth $12,495,890 over the last three months. 1.50% of the stock is currently owned by insiders.

Tyler Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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