Tyler Technologies, Inc. (NYSE:TYL) Holdings Raised by Jackson Square Capital LLC

Jackson Square Capital LLC boosted its stake in Tyler Technologies, Inc. (NYSE:TYL) by 5.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,238 shares of the technology company’s stock after acquiring an additional 108 shares during the quarter. Jackson Square Capital LLC’s holdings in Tyler Technologies were worth $1,291,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Tyler Technologies in the 3rd quarter worth approximately $27,000. Tobam bought a new stake in Tyler Technologies during the third quarter worth approximately $78,000. Quarry LP acquired a new stake in Tyler Technologies in the third quarter worth approximately $78,000. Brooklyn Investment Group bought a new position in Tyler Technologies during the 3rd quarter valued at $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Tyler Technologies during the 3rd quarter valued at $82,000. Institutional investors own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,202,504. This represents a 20.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,252 shares of company stock valued at $26,096,928 in the last quarter. Company insiders own 1.50% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the subject of several research analyst reports. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Robert W. Baird upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. DA Davidson lifted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Wells Fargo & Company reissued an “equal weight” rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Finally, Barclays lifted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $643.77.

Tyler Technologies Stock Performance

Shares of TYL stock opened at $569.18 on Friday. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $638.56. The company has a market capitalization of $24.36 billion, a price-to-earnings ratio of 103.87, a P/E/G ratio of 4.35 and a beta of 0.78. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock’s fifty day simple moving average is $600.60 and its 200-day simple moving average is $583.59.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same period in the prior year, the firm earned $1.66 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

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.