EntryPoint Capital LLC Makes New $714,000 Investment in Tyler Technologies, Inc. (NYSE:TYL)

EntryPoint Capital LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,238 shares of the technology company’s stock, valued at approximately $714,000. Tyler Technologies comprises about 0.3% of EntryPoint Capital LLC’s investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds also recently made changes to their positions in TYL. Van ECK Associates Corp boosted its stake in Tyler Technologies by 1,991.8% in the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock valued at $317,486,000 after acquiring an additional 524,259 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tyler Technologies in the 4th quarter worth approximately $159,947,000. JPMorgan Chase & Co. lifted its stake in Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after purchasing an additional 275,511 shares during the last quarter. Seilern Investment Management Ltd purchased a new stake in Tyler Technologies in the fourth quarter worth $105,549,000. Finally, Wealthfront Advisers LLC grew its stake in shares of Tyler Technologies by 8,973.6% during the 4th quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company’s stock worth $89,052,000 after acquiring an additional 152,731 shares during the period. 93.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on TYL. Truist Financial reiterated a “buy” rating and issued a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. DA Davidson reissued a “neutral” rating and set a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Piper Sandler boosted their price objective on Tyler Technologies from $701.00 to $747.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $676.25.

Tyler Technologies Stock Up 1.6 %

Shares of TYL opened at $575.64 on Tuesday. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a 50 day simple moving average of $599.16 and a two-hundred day simple moving average of $597.96. The firm has a market cap of $24.81 billion, a P/E ratio of 94.99, a P/E/G ratio of 4.93 and a beta of 0.80.

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

Insider Activity at Tyler Technologies

In other news, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 in the last ninety days. 2.20% of the stock is owned by company insiders.

Tyler Technologies Company 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.