AustralianSuper Pty Ltd Boosts Stake in Tyler Technologies, Inc. (NYSE:TYL)

AustralianSuper Pty Ltd increased its position in Tyler Technologies, Inc. (NYSE:TYL) by 127.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 992 shares of the technology company’s stock after buying an additional 556 shares during the period. AustralianSuper Pty Ltd’s holdings in Tyler Technologies were worth $579,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its position in Tyler Technologies by 64.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,032 shares of the technology company’s stock valued at $864,000 after acquiring an additional 798 shares during the period. Private Advisor Group LLC boosted its position in Tyler Technologies by 40.4% in the 1st quarter. Private Advisor Group LLC now owns 1,143 shares of the technology company’s stock valued at $486,000 after buying an additional 329 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Tyler Technologies during the first quarter valued at about $413,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Tyler Technologies by 3.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,905 shares of the technology company’s stock worth $11,476,000 after buying an additional 989 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Tyler Technologies by 2.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,278 shares of the technology company’s stock valued at $4,793,000 after purchasing an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $43,236,750. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total value of $3,603,062.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $43,236,750. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $6,787,122. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,100 shares of company stock worth $16,890,717. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of Tyler Technologies stock opened at $605.63 on Friday. Tyler Technologies, Inc. has a twelve month low of $362.50 and a twelve month high of $631.43. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $25.92 billion, a P/E ratio of 110.52, a price-to-earnings-growth ratio of 5.55 and a beta of 0.78. The firm’s 50-day simple moving average is $586.82 and its 200-day simple moving average is $531.57.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 EPS. As a group, research analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Robert W. Baird lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Oppenheimer increased their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. BTIG Research raised their price target on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a report on Friday, July 26th. Needham & Company LLC raised their price objective on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays lifted their price target on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $642.62.

About Tyler Technologies

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.