Argent Capital Management LLC Acquires Shares of 3,433 Tyler Technologies, Inc. (NYSE:TYL)

Argent Capital Management LLC acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,433 shares of the technology company's stock, valued at approximately $1,980,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Tyler Technologies during the third quarter valued at $27,000. Quarry LP purchased a new position in Tyler Technologies during the third quarter valued at $78,000. Tobam purchased a new position in Tyler Technologies during the third quarter valued at $78,000. Brooklyn Investment Group purchased a new position in shares of Tyler Technologies in the third quarter worth about $79,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Tyler Technologies in the third quarter worth about $82,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $45,436,500. The trade was a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company's stock, valued at $4,285,187.78. This represents a 63.21 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 42,252 shares of company stock worth $26,096,928. Corporate insiders own 1.50% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Oppenheimer raised their price target 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 raised their price target 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. Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. DA Davidson raised their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Finally, Needham & Company LLC raised their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Tyler Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $643.77.

Tyler Technologies Trading Up 0.6 %

Shares of TYL traded up $3.66 during trading on Thursday, reaching $575.54. 196,146 shares of the company traded hands, compared to its average volume of 209,801. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56. The stock has a market cap of $24.63 billion, a PE ratio of 105.03, a price-to-earnings-growth ratio of 4.35 and a beta of 0.78. The stock has a 50-day simple moving average of $602.48 and a 200-day simple moving average of $582.64. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share 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 during the quarter, compared to analysts' expectations of $547.34 million. During the same period last year, the business earned $1.66 earnings per share. The business's revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

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.