Aigen Investment Management LP Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Aigen Investment Management LP acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,242 shares of the technology company's stock, valued at approximately $1,309,000.

Several other large investors have also modified their holdings of TYL. Private Advisor Group LLC increased its stake in Tyler Technologies by 40.4% during the 1st quarter. Private Advisor Group LLC now owns 1,143 shares of the technology company's stock worth $486,000 after purchasing an additional 329 shares in the last quarter. Empowered Funds LLC raised its holdings in Tyler Technologies by 49.7% in the first quarter. Empowered Funds LLC now owns 2,414 shares of the technology company's stock worth $1,026,000 after purchasing an additional 801 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Tyler Technologies by 60.9% during the 1st quarter. SG Americas Securities LLC now owns 6,862 shares of the technology company's stock valued at $2,916,000 after buying an additional 2,596 shares in the last quarter. Forsta AP Fonden boosted its holdings in Tyler Technologies by 17.3% during the 1st quarter. Forsta AP Fonden now owns 8,800 shares of the technology company's stock valued at $3,740,000 after acquiring an additional 1,300 shares during the period. Finally, Meeder Advisory Services Inc. increased its holdings in shares of Tyler Technologies by 11.5% in the first quarter. Meeder Advisory Services Inc. now owns 572 shares of the technology company's stock valued at $243,000 after purchasing an additional 59 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Brian K. Miller sold 2,500 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total value of $1,467,425.00. Following the completion of the sale, the chief financial officer now owns 11,950 shares of the company's stock, valued at approximately $7,014,291.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the sale, the chief financial officer now owns 11,950 shares of the company's stock, valued at $7,014,291.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at $45,436,500. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,600 shares of company stock valued at $19,307,295. Corporate insiders own 2.20% of the company's stock.

Tyler Technologies Trading Up 1.0 %

TYL stock traded up $6.34 during midday trading on Tuesday, reaching $619.57. 234,655 shares of the company traded hands, compared to its average volume of 229,646. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $26.52 billion, a price-to-earnings ratio of 111.88, a P/E/G ratio of 5.62 and a beta of 0.77. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $631.43. The business has a 50 day moving average of $591.43 and a 200-day moving average of $543.44.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued 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. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. During the same quarter in the prior year, the business posted $1.66 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TYL has been the subject of several research analyst reports. BTIG Research raised their price objective on Tyler Technologies from $550.00 to $630.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Oppenheimer lifted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. JMP Securities lifted their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a research note on Friday, October 25th. Robert W. Baird upped 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. Finally, Needham & Company LLC raised their price target on Tyler Technologies from $600.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $642.62.

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.