Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 11.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 107,106 shares of the technology company’s stock after buying an additional 11,317 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Tyler Technologies were worth $61,762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TYL. Oak Thistle LLC grew its holdings in Tyler Technologies by 213.7% during the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after acquiring an additional 1,586 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Tyler Technologies during the 3rd quarter worth $1,309,000. Maiden Cove Capital LLC acquired a new position in shares of Tyler Technologies during the 3rd quarter worth $583,000. Assetmark Inc. increased its holdings in shares of Tyler Technologies by 9.4% in the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after purchasing an additional 854 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Tyler Technologies in the third quarter valued at about $569,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TYL has been the topic of several recent analyst reports. Oppenheimer upped their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Robert W. Baird upped their price target on Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research note on Thursday, January 30th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $645.69.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 6,752 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the sale, the chief financial officer now owns 11,918 shares in the company, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,502 shares of company stock worth $18,941,368. 2.20% of the stock is owned by insiders.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $606.07 on Monday. The stock has a market capitalization of $25.94 billion, a P/E ratio of 110.60, a P/E/G ratio of 4.78 and a beta of 0.78. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50-day moving average is $596.48 and its two-hundred day moving average is $592.72.

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.