IFM Investors Pty Ltd Makes New $3.77 Million Investment in Tyler Technologies, Inc. (NYSE:TYL)

IFM Investors Pty Ltd acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) in the first quarter, Holdings Channel.com reports. The firm acquired 8,866 shares of the technology company’s stock, valued at approximately $3,768,000.

Other institutional investors have also recently modified their holdings of the company. Kapitalo Investimentos Ltda bought a new position in Tyler Technologies during the fourth quarter valued at approximately $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Tyler Technologies in the 4th quarter worth approximately $31,000. Headlands Technologies LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at $40,000. Lindbrook Capital LLC boosted its stake in shares of Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after purchasing an additional 39 shares in the last quarter. Finally, Chilton Capital Management LLC bought a new position in shares of Tyler Technologies during the 4th quarter valued at $52,000. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $442.99, for a total transaction of $2,214,950.00. Following the completion of the transaction, the chief financial officer now owns 14,610 shares of the company’s stock, valued at $6,472,083.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Tyler Technologies news, CFO Brian K. Miller sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $442.99, for a total value of $2,214,950.00. Following the sale, the chief financial officer now owns 14,610 shares in the company, valued at $6,472,083.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $32,698,500. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock valued at $21,974,819 over the last ninety days. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the subject of several recent research reports. Oppenheimer boosted their price target on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. boosted their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research note on Thursday, February 15th. Robert W. Baird increased their target price on Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $500.00 price target on shares of Tyler Technologies in a research note on Thursday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research report on Friday. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $465.85.

Tyler Technologies Trading Up 0.6 %

Tyler Technologies stock traded up $2.67 during mid-day trading on Friday, reaching $460.74. 286,608 shares of the company traded hands, compared to its average volume of 228,489. The firm’s 50 day moving average price is $423.02 and its 200 day moving average price is $415.30. Tyler Technologies, Inc. has a 52-week low of $361.16 and a 52-week high of $465.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.86. The firm has a market capitalization of $19.56 billion, a price-to-earnings ratio of 104.24, a P/E/G ratio of 4.51 and a beta of 0.81.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $480.94 million during the quarter, compared to the consensus estimate of $483.34 million. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. On average, analysts anticipate that Tyler Technologies, Inc. will post 6.77 earnings per share for the current fiscal year.

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.