Postrock Partners LLC Invests $363,000 in Tyler Technologies, Inc. (NYSE:TYL)

Postrock Partners LLC acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 630 shares of the technology company’s stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in Tyler Technologies during the third quarter worth about $27,000. Entropy Technologies LP bought a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $463,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Tyler Technologies by 1.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 95,789 shares of the technology company’s stock worth $55,914,000 after acquiring an additional 1,258 shares during the period. Haverford Trust Co lifted its holdings in Tyler Technologies by 7.7% in the 3rd quarter. Haverford Trust Co now owns 1,437 shares of the technology company’s stock worth $839,000 after purchasing an additional 103 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Tyler Technologies by 30.7% in the third quarter. KBC Group NV now owns 15,540 shares of the technology company’s stock valued at $9,071,000 after purchasing an additional 3,646 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm’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 transaction of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares of the company’s stock, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock valued at $8,688,030 in the last quarter. Insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE:TYL opened at $552.87 on Friday. The stock has a market capitalization of $23.78 billion, a PE ratio of 91.23, a PEG ratio of 4.93 and a beta of 0.80. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The firm has a 50 day moving average of $599.39 and a 200-day moving average of $598.60.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Piper Sandler increased their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays lifted their price target on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus 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.