Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. lifted its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 98.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,726 shares of the technology company’s stock after purchasing an additional 6,306 shares during the period. Mesirow Financial Investment Management Inc.’s holdings in Tyler Technologies were worth $7,337,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in Tyler Technologies in the 3rd quarter valued at $27,000. Sierra Ocean LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at about $32,000. Smithfield Trust Co lifted its holdings in Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock valued at $48,000 after purchasing an additional 30 shares in the last quarter. Private Trust Co. NA lifted its holdings in Tyler Technologies by 51.8% in the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after purchasing an additional 29 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Tyler Technologies in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

Shares of TYL opened at $606.84 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $26.10 billion, a price-to-earnings ratio of 100.14, a PEG ratio of 4.93 and a beta of 0.80. The stock has a 50 day moving average of $599.61 and a 200 day moving average of $598.46. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TYL shares. Barclays increased their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Needham & Company LLC restated a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a research note on Tuesday, January 21st. Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Truist Financial reissued a “buy” rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $676.25.

Insider Buying and Selling at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,550 shares of the business’s stock in a transaction dated 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. The trade was a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,816 shares of company stock worth $9,118,070. 2.20% of the stock is owned by 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.