Axecap Investments LLC Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Axecap Investments LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,328 shares of the technology company’s stock, valued at approximately $1,943,000.

Other large investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Tyler Technologies by 119.2% during the first quarter. Commonwealth Equity Services LLC now owns 6,517 shares of the technology company’s stock valued at $2,770,000 after purchasing an additional 3,544 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Tyler Technologies by 39.4% during the first quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock valued at $2,906,000 after purchasing an additional 1,935 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Tyler Technologies by 7.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 46,724 shares of the technology company’s stock valued at $19,858,000 after purchasing an additional 3,198 shares during the last quarter. Natixis increased its position in shares of Tyler Technologies by 114.0% during the first quarter. Natixis now owns 2,253 shares of the technology company’s stock valued at $958,000 after acquiring an additional 1,200 shares in the last quarter. Finally, BNP Paribas bought a new stake in shares of Tyler Technologies during the first quarter valued at approximately $1,048,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TYL has been the subject of several analyst reports. JMP Securities raised their price target on shares of Tyler Technologies from $490.00 to $580.00 and gave the company a “market outperform” rating in a research report on Monday, July 22nd. Truist Financial reissued a “buy” rating and set a $600.00 price target (up previously from $560.00) on shares of Tyler Technologies in a research report on Friday, July 26th. DA Davidson raised their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Needham & Company LLC raised their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Evercore ISI raised shares of Tyler Technologies to a “hold” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $601.38.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $44,323,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $43,236,750. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total transaction of $2,954,900.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $44,323,500. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,375 shares of company stock worth $17,049,739. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies Trading Down 0.6 %

Shares of TYL stock opened at $582.22 on Thursday. Tyler Technologies, Inc. has a 1 year low of $361.16 and a 1 year high of $606.93. The firm has a fifty day moving average price of $583.86 and a 200-day moving average price of $524.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $24.72 billion, a price-to-earnings ratio of 131.72, a PEG ratio of 5.44 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same quarter in the previous year, the firm posted $1.66 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that Tyler Technologies, Inc. will post 7.21 earnings per share for the current year.

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.