Mitsubishi UFJ Trust & Banking Corp Raises Position in Tyler Technologies, Inc. (NYSE:TYL)

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 123.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,301 shares of the technology company’s stock after buying an additional 25,625 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Tyler Technologies were worth $26,699,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Tyler Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company’s stock worth $3,062,190,000 after purchasing an additional 62,420 shares in the last quarter. Geode Capital Management LLC boosted its stake in Tyler Technologies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company’s stock worth $645,585,000 after purchasing an additional 24,284 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Tyler Technologies by 2.0% in the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock valued at $547,354,000 after buying an additional 17,943 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Tyler Technologies by 1,991.8% in the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock worth $317,486,000 after buying an additional 524,259 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after acquiring an additional 275,511 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $577.53 on Thursday. The company’s 50 day simple moving average is $599.49 and its 200-day simple moving average is $597.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The company has a market capitalization of $24.89 billion, a price-to-earnings ratio of 95.30, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) 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, equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock valued at $8,688,030 in the last three months. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent research reports. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Piper Sandler lifted their price objective on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Barclays upped their target price on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. The Goldman Sachs Group lifted their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Company 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.