Quantbot Technologies LP Raises Stake in Tyler Technologies, Inc. (NYSE:TYL)

Quantbot Technologies LP increased its stake in Tyler Technologies, Inc. (NYSE:TYL) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,576 shares of the technology company’s stock after buying an additional 308 shares during the quarter. Quantbot Technologies LP’s holdings in Tyler Technologies were worth $2,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TYL. Larson Financial Group LLC boosted its holdings in shares of Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock worth $26,000 after buying an additional 31 shares during the last quarter. Sierra Ocean LLC purchased a new position in shares of Tyler Technologies in the 4th quarter worth about $32,000. OFI Invest Asset Management purchased a new position in shares of Tyler Technologies in the 4th quarter worth about $41,000. Smithfield Trust Co boosted its holdings in shares of Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock worth $48,000 after buying an additional 30 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in Tyler Technologies by 51.8% during the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after purchasing an additional 29 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,064 shares of company stock worth $8,688,030. Insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Down 0.4 %

Shares of TYL opened at $566.56 on Friday. The business’s 50-day moving average price is $598.88 and its 200-day moving average price is $597.94. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31. The stock has a market cap of $24.42 billion, a PE ratio of 93.49, a P/E/G ratio of 4.93 and a beta of 0.80. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TYL shares. Barclays upped their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price objective on shares of Tyler Technologies in a report on Tuesday, January 21st. DA Davidson reaffirmed a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. Piper Sandler upped their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $676.25.

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.