SBI Securities Co. Ltd. Buys Shares of 106 Tyler Technologies, Inc. (NYSE:TYL)

SBI Securities Co. Ltd. bought a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 106 shares of the technology company’s stock, valued at approximately $61,000.

A number of other institutional investors have also recently made changes to their positions in TYL. Ashton Thomas Securities LLC purchased a new position in Tyler Technologies in the 3rd quarter valued at $27,000. Sierra Ocean LLC acquired a new stake in shares of Tyler Technologies in the fourth quarter valued at about $32,000. Private Trust Co. NA raised its position in shares of Tyler Technologies by 51.8% in the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after buying an additional 29 shares during the last quarter. Quarry LP purchased a new position in shares of Tyler Technologies in the third quarter worth about $78,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares during the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

Shares of TYL opened at $589.02 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market cap of $25.34 billion, a PE ratio of 97.20, a P/E/G ratio of 4.93 and a beta of 0.80. The firm has a 50-day simple moving average of $599.93 and a two-hundred day simple moving average of $598.86. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31.

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

Wall Street Analyst Weigh In

A number of research firms have commented on TYL. DA Davidson reiterated a “neutral” rating and issued a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. The Goldman Sachs Group increased their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Barclays raised their target price on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $676.25.

Insider Buying and Selling at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,550 shares of the 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 sale, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,816 shares of company stock valued at $9,118,070 in the last three months. 2.20% of the stock is owned by corporate 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.