Argent Capital Management LLC Takes $1.98 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Argent Capital Management LLC acquired a new position in Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,433 shares of the technology company’s stock, valued at approximately $1,980,000.

A number of other hedge funds also recently bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in shares of Tyler Technologies during the 2nd quarter worth $299,000. Choreo LLC bought a new position in Tyler Technologies in the second quarter worth about $254,000. American Century Companies Inc. lifted its position in shares of Tyler Technologies by 6.3% during the second quarter. American Century Companies Inc. now owns 2,185 shares of the technology company’s stock valued at $1,099,000 after buying an additional 130 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Tyler Technologies by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 157,027 shares of the technology company’s stock valued at $78,942,000 after buying an additional 14,595 shares in the last quarter. Finally, Wealth Alliance raised its stake in shares of Tyler Technologies by 4.8% during the 2nd quarter. Wealth Alliance now owns 761 shares of the technology company’s stock worth $383,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TYL. Robert W. Baird raised their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Piper Sandler boosted their price target on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Oppenheimer raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. DA Davidson boosted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, JMP Securities raised their target price on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $643.77.

Tyler Technologies Stock Up 0.3 %

Shares of TYL stock opened at $571.76 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56. The stock has a 50 day moving average of $602.48 and a 200 day moving average of $582.64. The stock has a market cap of $24.47 billion, a P/E ratio of 104.34, a P/E/G ratio of 4.35 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last announced its earnings results 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. The firm had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 EPS. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Insider Activity

In related news, CFO Brian K. Miller sold 3,000 shares of Tyler Technologies 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 sale, the chief financial officer now directly owns 11,950 shares in the company, valued at approximately $7,202,504. The trade was a 20.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total value of $3,786,375.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $45,436,500. The trade was a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,252 shares of company stock worth $26,096,928 over the last 90 days. 1.50% of the stock is currently 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.