Daiwa Securities Group Inc. Purchases 561 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Daiwa Securities Group Inc. raised its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 11.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,282 shares of the technology company’s stock after purchasing an additional 561 shares during the period. Daiwa Securities Group Inc.’s holdings in Tyler Technologies were worth $3,083,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Tidal Investments LLC grew its holdings in Tyler Technologies by 64.8% during the 1st quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock valued at $1,253,000 after buying an additional 1,161 shares in the last quarter. Comerica Bank lifted its stake in Tyler Technologies by 12.5% in the 1st quarter. Comerica Bank now owns 16,887 shares of the technology company’s stock worth $7,177,000 after purchasing an additional 1,876 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Tyler Technologies during the 1st quarter valued at $75,000. Wahed Invest LLC increased its holdings in shares of Tyler Technologies by 14.4% in the first quarter. Wahed Invest LLC now owns 764 shares of the technology company’s stock worth $325,000 after purchasing an additional 96 shares during the period. Finally, Atria Investments Inc raised its position in shares of Tyler Technologies by 4.4% in the first quarter. Atria Investments Inc now owns 3,768 shares of the technology company’s stock worth $1,601,000 after buying an additional 160 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $624.41, for a total value of $1,561,025.00. Following the completion of the transaction, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,461,699.50. This represents a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $43,246,500. The trade was a 6.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,100 shares of company stock worth $22,309,090 over the last three months. Company insiders own 1.50% of the company’s stock.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $630.44 on Thursday. The firm has a market capitalization of $26.98 billion, a price-to-earnings ratio of 115.04, a PEG ratio of 5.65 and a beta of 0.77. The stock has a fifty day moving average of $597.11 and a 200 day moving average of $554.21. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $637.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Oppenheimer raised their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Piper Sandler lifted their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. DA Davidson increased their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays lifted their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $642.62.

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.