31,171 Shares in Tyler Technologies, Inc. (NYSE:TYL) Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,171 shares of the technology company's stock, valued at approximately $17,974,000. Pinebridge Investments L.P. owned 0.07% of Tyler Technologies as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Tyler Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock worth $3,062,190,000 after buying an additional 62,420 shares in the last quarter. Geode Capital Management LLC increased its stake in Tyler Technologies by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock valued at $654,406,000 after acquiring an additional 27,826 shares during the period. Franklin Resources Inc. increased its stake in Tyler Technologies by 7.9% in the fourth quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock valued at $567,768,000 after acquiring an additional 71,869 shares during the period. Massachusetts Financial Services Co. MA raised its position in Tyler Technologies by 3.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock worth $541,680,000 after purchasing an additional 35,198 shares in the last quarter. Finally, Norges Bank bought a new position in Tyler Technologies during the fourth quarter worth about $528,465,000. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Up 1.0 %

TYL opened at $569.67 on Thursday. Tyler Technologies, Inc. has a twelve month low of $415.24 and a twelve month high of $661.31. The firm has a market cap of $24.56 billion, a PE ratio of 94.01, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The firm's fifty day moving average is $581.91 and its two-hundred day moving average is $594.75.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The firm had revenue of $562.43 million during the quarter, compared to analysts' expectations of $556.45 million. During the same period in the previous year, the firm earned $2.20 earnings per share. Equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In related news, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares of the company's stock, valued at $46,772,561.06. The trade was a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock valued at $8,688,030 over the last quarter. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TYL. DA Davidson restated a "neutral" rating and set a $575.00 target price on shares of Tyler Technologies in a research report on Thursday, January 30th. Piper Sandler boosted their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial reiterated a "buy" rating and set a $775.00 target price (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Finally, Barclays dropped their price objective on shares of Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $674.58.

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.

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