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Daiwa Securities Group Inc. owns $1.79 million worth of Tyler Technologies, Inc. (NYSE:TYL)


Daiwa Securities Group Inc. grew its holdings in Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The firm owned 4,201 shares of the technology company after purchasing an additional 260 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Tyler Technologies were worth $1,785,000 at the end of the last quarter.

Several other institutional investors have also made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new position in Tyler Technologies during the 4th quarter valued at around $26,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Tyler Technologies during the 4th quarter valued at around $31,000. Headlands Technologies LLC acquired a new stake in Tyler Technologies during the 4th quarter valued at $40,000. Lindbrook Capital LLC increased its stake in Tyler Technologies by 50.6% during the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock valued at $49,000 after acquiring an additional 39 shares in the last quarter. Finally, Chilton Capital Management LLC acquired a new stake in Tyler Technologies during the 4th quarter valued at $52,000. 93.30% of the shares are owned by hedge funds and other institutional investors.

Price development of Tyler Technologies shares

TYL shares opened at $509.07 on Wednesday. The company has a market cap of $21.62 billion, a P/E ratio of 115.17, a price-to-earnings-growth ratio of 4.80 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $519.44. The company’s 50-day moving average price is $485.89 and its 200-day moving average price is $446.51.

Tyler Technologies (NYSE:TYL – Get Free Report) last released its quarterly earnings results on Wednesday, April 24. The technology company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The company had revenue of $512.36 million during the quarter, compared to analyst estimates of $507.79 million. As a group, analysts expect Tyler Technologies, Inc. to report earnings per share of $7.1 for the current year.

Analysts set new price targets

Several research analysts have commented on the company. Loop Capital increased their price target on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. JMP Securities reiterated a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research note on Friday, April 26th. Truist Financial reiterated a “buy” rating and issued a $560.00 price target (previously $510.00) on shares of Tyler Technologies in a research report on Thursday, May 23rd. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 24th. Finally, Needham & Company LLC raised their price target on shares of Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, May 21. Three investment analysts have rated the stock with a “hold” rating and nine have given a “buy” rating. According to MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average price target of $519.09.

Get our latest stock report on Tyler Technologies

Insider transactions at Tyler Technologies

In other news, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, April 29. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the sale, the director now owns 1,358 shares of the company’s stock, valued at $623,091.14. The sale was disclosed in a filing with the SEC, available at this hyperlink. In other news, CFO Brian K. Miller sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, June 11. The shares were sold at an average price of $479.28, for a total value of $383,424.00. Following the completion of the transaction, the chief financial officer now owns 12,736 shares of the company’s stock, valued at $6,104,110.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The disclosure of this sale can be found here. Insiders have sold a total of 26,241 shares of the company’s stock in the last three months, valued at $12,495,890. 1.50% of the shares are currently owned by insiders.

Tyler Technologies Company Profile

(Free report)

Tyler Technologies, Inc. provides integrated information management solutions and services to the public sector. The company operates in two segments: Enterprise Software and Platform Technologies. The company provides platform and transformative technology solutions, including cybersecurity for government agencies, data and information solutions, digital solutions that help workers and policymakers share, communicate and use data, payment solutions such as invoicing, presentment, merchant onboarding, collections, reconciliation and disbursements, platform technologies, an application development platform that enables government employees to build solutions and applications, and outdoor recreation solutions, including campground reservations, activity registrations, license sales and renewals, and real-time data for conservation and park management.

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Institutional ownership by quarter for Tyler Technologies (NYSE:TYL)



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