9,700 Shares of Tyler Technologies, Inc. $TYL Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,700 shares of the technology company’s stock, valued at approximately $3,090,000.

Several other hedge funds also recently bought and sold shares of the stock. Vise Technologies Inc. acquired a new stake in shares of Tyler Technologies during the third quarter worth $464,000. CHICAGO TRUST Co NA increased its stake in Tyler Technologies by 22.6% in the third quarter. CHICAGO TRUST Co NA now owns 3,166 shares of the technology company’s stock valued at $1,009,000 after purchasing an additional 583 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Tyler Technologies in the third quarter valued at $1,147,000. V Square Quantitative Management LLC lifted its position in Tyler Technologies by 16.6% during the third quarter. V Square Quantitative Management LLC now owns 1,192 shares of the technology company’s stock worth $380,000 after buying an additional 170 shares during the period. Finally, CX Institutional boosted its stake in Tyler Technologies by 13.3% in the 3rd quarter. CX Institutional now owns 952 shares of the technology company’s stock worth $303,000 after buying an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Down 2.3%

NYSE TYL traded down $10.04 during mid-day trading on Friday, reaching $420.33. 738,585 shares of the company’s stock traded hands, compared to its average volume of 793,027. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.51. Tyler Technologies, Inc. has a 1-year low of $270.71 and a 1-year high of $481.57. The company has a fifty day simple moving average of $357.96 and a 200-day simple moving average of $336.87. The company has a market cap of $16.71 billion, a price-to-earnings ratio of 52.94, a P/E/G ratio of 2.66 and a beta of 0.74.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, October 28th. The technology company reported $3.52 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.04. The firm had revenue of $647.57 million during the quarter, compared to analyst estimates of $651.38 million. Tyler Technologies had a return on equity of 12.21% and a net margin of 13.51%. Tyler Technologies’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.91 earnings per share. As a group, equities research analysts expect that Tyler Technologies, Inc. will post 10.11 EPS for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, Director Daniel M. Pope sold 680 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $407.56, for a total value of $277,140.80. Following the transaction, the director owned 2,643 shares in the company, valued at approximately $1,077,181.08. This represents a 20.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jeffrey Puckett sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $419.69, for a total value of $4,196,900.00. Following the sale, the chief operating officer directly owned 7,800 shares of the company’s stock, valued at $3,273,582. This trade represents a 56.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 38,430 shares of company stock valued at $14,883,788. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of Tyler Technologies from $400.00 to $430.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Zacks Research downgraded Tyler Technologies from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group increased their target price on Tyler Technologies from $345.00 to $385.00 and gave the stock a “neutral” rating in a research report on Tuesday. Piper Sandler assumed coverage on Tyler Technologies in a research report on Monday, September 28th. They issued an “overweight” rating and a $450.00 target price on the stock. Finally, DA Davidson reiterated a “buy” rating and issued a $460.00 target price on shares of Tyler Technologies in a report on Tuesday, October 27th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $440.88.

Tyler Technologies Profile

Tyler Technologies, Inc provides integrated software and technology services to public-sector organizations. Its customers include municipalities, counties, states, courts, school districts, public safety agencies, and other government entities. The company’s solutions are designed to help public organizations manage operations, improve service delivery, and engage with residents and constituents.

Tyler’s product portfolio includes enterprise resource planning and financial management software, property tax and appraisal systems, court and justice solutions, public safety and emergency communications platforms, permitting and licensing tools, and software for schools and elections.