E Fund Management Co. Ltd. Invests $244,000 in Tyler Technologies, Inc. (NYSE:TYL)

E Fund Management Co. Ltd. purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 485 shares of the technology company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB purchased a new stake in shares of Tyler Technologies in the second quarter valued at about $251,390,000. APG Asset Management US Inc. acquired a new stake in Tyler Technologies in the fourth quarter valued at about $57,493,000. Janus Henderson Group PLC boosted its holdings in Tyler Technologies by 15.3% in the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after purchasing an additional 70,801 shares in the last quarter. Quantum Capital Management LLC NJ increased its position in Tyler Technologies by 179.4% during the 1st quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company’s stock worth $45,799,000 after purchasing an additional 69,189 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Tyler Technologies by 18.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company’s stock worth $180,622,000 after buying an additional 65,814 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now owns 6,983 shares in the company, valued at $4,042,738.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,042,738.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the firm’s 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 sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $43,236,750. The disclosure for this sale can be found here. Insiders sold a total of 29,375 shares of company stock valued at $17,049,739 over the last 90 days. Insiders own 2.20% of the company’s stock.

Tyler Technologies Stock Performance

Tyler Technologies stock opened at $580.13 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.06 and a current ratio of 1.06. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $598.93. The stock has a fifty day moving average of $569.57 and a two-hundred day moving average of $496.52. The company has a market capitalization of $24.75 billion, a price-to-earnings ratio of 131.25, a PEG ratio of 5.42 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. The firm had revenue of $540.98 million during the quarter, compared to analysts’ expectations of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.53 EPS. On average, analysts anticipate that Tyler Technologies, Inc. will post 7.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. DA Davidson lifted their price target on Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Barclays upped their target price on shares of Tyler Technologies from $515.00 to $577.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Wells Fargo & Company lifted their price target on shares of Tyler Technologies from $580.00 to $600.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Truist Financial restated a “buy” rating and issued a $600.00 price target (up previously from $560.00) on shares of Tyler Technologies in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $582.31.

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.