Tyler Technologies, Inc. (NYSE:TYL) Stock Position Boosted by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 21.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,146 shares of the technology company's stock after purchasing an additional 2,882 shares during the quarter. Aptus Capital Advisors LLC's holdings in Tyler Technologies were worth $9,425,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TYL. Aigen Investment Management LP acquired a new position in Tyler Technologies during the third quarter valued at approximately $1,309,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Tyler Technologies by 1.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 95,789 shares of the technology company's stock valued at $55,914,000 after acquiring an additional 1,258 shares during the period. Entropy Technologies LP acquired a new position in shares of Tyler Technologies during the 3rd quarter valued at $463,000. WCM Investment Management LLC boosted its position in Tyler Technologies by 32.9% during the 3rd quarter. WCM Investment Management LLC now owns 3,632 shares of the technology company's stock worth $2,098,000 after purchasing an additional 900 shares during the period. Finally, Versor Investments LP boosted its position in Tyler Technologies by 541.8% during the 3rd quarter. Versor Investments LP now owns 5,134 shares of the technology company's stock worth $2,997,000 after purchasing an additional 4,334 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Tyler Technologies Stock Performance

NYSE:TYL traded down $2.61 during trading hours on Wednesday, reaching $616.51. 243,866 shares of the stock were exchanged, compared to its average volume of 229,711. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $631.43. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $26.39 billion, a P/E ratio of 112.50, a P/E/G ratio of 5.59 and a beta of 0.77. The firm has a 50 day simple moving average of $592.85 and a 200-day simple moving average of $545.06.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.66 earnings per share. As a group, sell-side analysts forecast that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at approximately $7,461,699.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company's stock, valued at approximately $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,600 shares of company stock valued at $19,307,295 over the last quarter. Insiders own 2.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on TYL shares. Robert W. Baird boosted their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Evercore ISI raised Tyler Technologies to a "hold" rating in a research report on Friday, July 26th. Piper Sandler increased their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Truist Financial reiterated a "buy" rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Finally, JMP Securities upped their target price on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock 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.