Nomura Holdings Inc. Acquires Shares of 850 Tyler Technologies, Inc. (NYSE:TYL)

Nomura Holdings Inc. purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 850 shares of the technology company’s stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TYL. PNC Financial Services Group Inc. boosted its holdings in Tyler Technologies by 1.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,370 shares of the technology company’s stock worth $3,082,000 after buying an additional 112 shares during the last quarter. Rovin Capital UT ADV raised its position in shares of Tyler Technologies by 25.4% in the 4th quarter. Rovin Capital UT ADV now owns 1,470 shares of the technology company’s stock valued at $615,000 after acquiring an additional 298 shares during the period. Vanguard Group Inc. grew its holdings in Tyler Technologies by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,969,048 shares of the technology company’s stock valued at $2,077,658,000 after purchasing an additional 55,629 shares during the period. Royal London Asset Management Ltd. increased its stake in Tyler Technologies by 6.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 16,454 shares of the technology company’s stock valued at $6,880,000 after purchasing an additional 934 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Tyler Technologies by 23.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 237,677 shares of the technology company’s stock worth $99,378,000 after purchasing an additional 44,680 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now owns 1,358 shares in the company, valued at $623,091.14. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Brenda A. Cline sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the sale, the director now directly owns 1,358 shares in the company, valued at approximately $623,091.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total value of $2,899,260.00. Following the transaction, the insider now owns 6,983 shares of the company’s stock, valued at approximately $3,374,255.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,241 shares of company stock worth $12,495,890. Insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Up 2.1 %

Shares of NYSE:TYL opened at $489.14 on Friday. The stock has a market capitalization of $20.77 billion, a PE ratio of 110.67, a price-to-earnings-growth ratio of 4.50 and a beta of 0.74. The company’s 50-day moving average price is $467.47 and its two-hundred day moving average price is $438.48. 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 $500.49.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $1.74 EPS for the quarter, beating the consensus estimate of $1.48 by $0.26. The firm had revenue of $512.36 million during the quarter, compared to analysts’ expectations of $507.79 million. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. On average, equities analysts forecast that Tyler Technologies, Inc. will post 7.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on TYL shares. Robert W. Baird raised their price objective on Tyler Technologies from $500.00 to $525.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday, April 24th. JMP Securities reissued a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a research note on Friday, April 26th. Needham & Company LLC lifted their price target on shares of Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, BTIG Research increased their price objective on shares of Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $519.09.

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.