Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 2,291.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,118 shares of the technology company’s stock after acquiring an additional 101,681 shares during the quarter. Los Angeles Capital Management LLC owned 0.25% of Tyler Technologies worth $61,192,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after purchasing an additional 21 shares during the period. Baron Wealth Management LLC lifted its stake in shares of Tyler Technologies by 1.5% during the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after purchasing an additional 22 shares during the period. Choreo LLC lifted its stake in shares of Tyler Technologies by 3.9% during the 4th quarter. Choreo LLC now owns 647 shares of the technology company’s stock worth $374,000 after purchasing an additional 24 shares during the period. Oak Ridge Investments LLC raised its position in shares of Tyler Technologies by 0.8% in the 4th quarter. Oak Ridge Investments LLC now owns 3,011 shares of the technology company’s stock worth $1,736,000 after buying an additional 25 shares during the period. Finally, Mather Group LLC. raised its position in shares of Tyler Technologies by 9.0% in the 4th quarter. Mather Group LLC. now owns 315 shares of the technology company’s stock worth $182,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

TYL opened at $612.20 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market cap of $26.33 billion, a PE ratio of 101.02, a price-to-earnings-growth ratio of 4.93 and a beta of 0.78. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31. The business’s 50 day moving average is $597.49 and its 200-day moving average is $596.93.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) 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, analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 3,250 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $631.41, for a total value of $2,052,082.50. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $47,355,750. This represents a 4.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,424,079.65. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,502 shares of company stock worth $11,577,448. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TYL. Piper Sandler increased their target price on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. The Goldman Sachs Group increased their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Barclays increased their target price on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $676.25.

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.