Seilern Investment Management Ltd Acquires Shares of 183,042 Tyler Technologies, Inc. (NYSE:TYL)

Seilern Investment Management Ltd acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 183,042 shares of the technology company’s stock, valued at approximately $105,549,000. Tyler Technologies accounts for approximately 6.0% of Seilern Investment Management Ltd’s investment portfolio, making the stock its 9th largest holding. Seilern Investment Management Ltd owned approximately 0.43% of Tyler Technologies as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Oak Ridge Investments LLC raised its stake in Tyler Technologies by 0.8% during the 4th quarter. Oak Ridge Investments LLC now owns 3,011 shares of the technology company’s stock worth $1,736,000 after buying an additional 25 shares during the period. FWG Holdings LLC increased its holdings in shares of Tyler Technologies by 3.1% in the third quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock worth $551,000 after acquiring an additional 27 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Tyler Technologies by 2.3% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,377 shares of the technology company’s stock worth $804,000 after purchasing an additional 31 shares during the period. UMB Bank n.a. lifted its holdings in shares of Tyler Technologies by 2.4% during the 3rd quarter. UMB Bank n.a. now owns 1,354 shares of the technology company’s stock valued at $790,000 after purchasing an additional 32 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Tyler Technologies by 1.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,746 shares of the technology company’s stock valued at $878,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

NYSE TYL opened at $569.18 on Monday. The firm’s fifty day moving average price is $600.60 and its two-hundred day moving average price is $584.12. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56. The firm has a market capitalization of $24.36 billion, a P/E ratio of 103.87, a price-to-earnings-growth ratio of 4.35 and a beta of 0.78. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business posted $1.66 EPS. As a group, research analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analyst Ratings Changes

Several analysts have commented on the stock. Robert W. Baird raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Truist Financial restated a “buy” rating and set a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Piper Sandler upped their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Oppenheimer lifted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Barclays upped their price objective on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $643.77.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total value of $1,808,160.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,202,504. This represents a 20.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 42,252 shares of company stock worth $26,096,928. 1.50% of the stock is owned by company insiders.

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.