Janus Henderson Group PLC Buys 70,801 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Janus Henderson Group PLC increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 15.3% during the 1st quarter, Holdings Channel reports. The fund owned 532,935 shares of the technology company’s stock after acquiring an additional 70,801 shares during the period. Janus Henderson Group PLC’s holdings in Tyler Technologies were worth $226,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TYL. Pacer Advisors Inc. boosted its stake in Tyler Technologies by 13.2% during the fourth quarter. Pacer Advisors Inc. now owns 3,784 shares of the technology company’s stock worth $1,582,000 after acquiring an additional 442 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Tyler Technologies by 11.0% during the fourth quarter. Assenagon Asset Management S.A. now owns 18,257 shares of the technology company’s stock worth $7,634,000 after buying an additional 1,809 shares during the last quarter. Chilton Capital Management LLC acquired a new position in Tyler Technologies during the fourth quarter worth $52,000. AdvisorNet Financial Inc raised its holdings in Tyler Technologies by 6,700.0% during the fourth quarter. AdvisorNet Financial Inc now owns 272 shares of the technology company’s stock worth $114,000 after buying an additional 268 shares during the last quarter. Finally, Chicago Capital LLC acquired a new position in Tyler Technologies during the fourth quarter worth $1,765,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Performance

NYSE TYL traded down $2.44 during trading hours on Tuesday, reaching $574.55. 285,471 shares of the company were exchanged, compared to its average volume of 226,258. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $593.50. The business’s 50 day simple moving average is $501.04 and its 200-day simple moving average is $458.42. The company has a quick ratio of 0.94, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $24.40 billion, a P/E ratio of 130.88, a P/E/G ratio of 6.06 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. The business had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.53 earnings per share. On average, equities research analysts expect that Tyler Technologies, Inc. will post 6.5 earnings per share for the current year.

Insiders Place Their Bets

In other Tyler Technologies news, CFO Brian K. Miller sold 2,671 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $465.03, for a total transaction of $1,242,095.13. Following the completion of the transaction, the chief financial officer now owns 13,536 shares in the company, valued at $6,294,646.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Tyler Technologies news, CFO Brian K. Miller sold 2,671 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $465.03, for a total transaction of $1,242,095.13. Following the completion of the transaction, the chief financial officer now owns 13,536 shares in the company, valued at $6,294,646.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at $3,374,255.43. The disclosure for this sale can be found here. Insiders sold 21,241 shares of company stock worth $10,201,740 over the last quarter. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

TYL has been the topic of several research reports. JMP Securities upped their price objective on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $515.00 to $627.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial restated a “buy” rating and set a $600.00 price objective (up previously from $560.00) on shares of Tyler Technologies in a report on Friday. Piper Sandler increased their target price on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a report on Friday. Finally, Oppenheimer increased their target price on shares of Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a report on Friday. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $582.31.

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.