UniSuper Management Pty Ltd Has $5.71 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

UniSuper Management Pty Ltd increased its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 8.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,903 shares of the technology company’s stock after acquiring an additional 801 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Tyler Technologies were worth $5,710,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of Tyler Technologies by 1.0% during the fourth quarter. JPMorgan Chase & Co. now owns 465,866 shares of the technology company’s stock valued at $268,637,000 after buying an additional 4,397 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Tyler Technologies by 15.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 68,512 shares of the technology company’s stock valued at $40,023,000 after buying an additional 9,170 shares during the period. Korea Investment CORP increased its stake in shares of Tyler Technologies by 46.9% in the fourth quarter. Korea Investment CORP now owns 25,245 shares of the technology company’s stock worth $14,557,000 after acquiring an additional 8,055 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Tyler Technologies by 123.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 46,301 shares of the technology company’s stock worth $26,699,000 after acquiring an additional 25,625 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its stake in Tyler Technologies by 56.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,137 shares of the technology company’s stock valued at $656,000 after purchasing an additional 412 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Up 0.2 %

TYL opened at $578.46 on Friday. The business has a 50 day moving average of $599.55 and a 200-day moving average of $597.69. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of 95.46, a P/E/G ratio of 4.93 and a beta of 0.80. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. As a group, sell-side analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 1,550 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the transaction, the chief financial officer now directly owns 14,026 shares of the company’s stock, valued at $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock valued at $8,688,030 over the last three months. 2.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TYL. Barclays lifted their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. DA Davidson reaffirmed a “neutral” rating and issued a $575.00 price objective on shares of Tyler Technologies in a research note on Thursday, January 30th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. The Goldman Sachs Group upped their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Piper Sandler raised their price objective on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Tyler Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

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.