Farringdon Capital Ltd. Makes New $599,000 Investment in Tyler Technologies, Inc. (NYSE:TYL)

Farringdon Capital Ltd. acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,038 shares of the technology company's stock, valued at approximately $599,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oak Thistle LLC boosted its holdings in Tyler Technologies by 213.7% in the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company's stock valued at $1,342,000 after purchasing an additional 1,586 shares during the last quarter. Kensington Investment Counsel LLC lifted its position in Tyler Technologies by 0.8% in the fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after buying an additional 20 shares during the last quarter. Diversified Trust Co purchased a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $596,000. Fiduciary Alliance LLC acquired a new position in shares of Tyler Technologies in the 4th quarter worth approximately $1,594,000. Finally, Barclays PLC increased its holdings in Tyler Technologies by 2.5% in the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company's stock valued at $51,543,000 after purchasing an additional 2,169 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

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 research report on Friday, April 11th. DA Davidson reissued a "neutral" rating and issued a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Barclays lowered their target price on Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Needham & Company LLC restated a "buy" rating and set a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $674.58.

Insider Buying and Selling

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was 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 directly owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,064 shares of company stock valued at $8,688,030. Insiders own 1.10% of the company's stock.

Tyler Technologies Price Performance

Shares of TYL stock traded up $7.25 during trading hours on Wednesday, hitting $571.09. The company's stock had a trading volume of 151,665 shares, compared to its average volume of 252,685. 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 $24.62 billion, a price-to-earnings ratio of 94.24, a P/E/G ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a twelve month low of $412.70 and a twelve month high of $661.31. The business has a fifty day moving average of $583.37 and a 200-day moving average of $594.92.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

About Tyler Technologies

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.