Tyler Technologies, Inc. (NYSE:TYL) Position Trimmed by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 6.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,847 shares of the technology company’s stock after selling 262 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Tyler Technologies were worth $2,257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of TYL. Wedmont Private Capital bought a new position in Tyler Technologies in the third quarter worth about $231,000. Exchange Traded Concepts LLC bought a new position in Tyler Technologies during the 3rd quarter worth $270,000. Sapient Capital LLC increased its position in Tyler Technologies by 375.6% in the third quarter. Sapient Capital LLC now owns 2,754 shares of the technology company’s stock worth $1,608,000 after buying an additional 2,175 shares during the period. Creative Planning increased its position in Tyler Technologies by 2.9% in the third quarter. Creative Planning now owns 24,051 shares of the technology company’s stock worth $14,039,000 after buying an additional 686 shares during the period. Finally, Vontobel Holding Ltd. boosted its holdings in shares of Tyler Technologies by 3.9% during the third quarter. Vontobel Holding Ltd. now owns 1,214 shares of the technology company’s stock valued at $709,000 after acquiring an additional 46 shares during the period. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 3,250 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $47,355,750. This trade represents a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock valued at $18,941,368 over the last three months. Company insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $606.07 on Monday. The company has a market capitalization of $25.94 billion, a PE ratio of 110.60, a price-to-earnings-growth ratio of 4.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day moving average of $596.48 and a 200-day moving average of $592.72. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $638.56.

Wall Street Analysts Forecast Growth

TYL has been the subject of a number of analyst reports. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. JMP Securities boosted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research report on Friday, October 25th. Barclays raised their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson reiterated a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Finally, Robert W. Baird increased their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $645.69.

Tyler Technologies 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.