Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 195.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,098 shares of the technology company's stock after acquiring an additional 25,861 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.09% of Tyler Technologies worth $22,545,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its holdings in Tyler Technologies by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock worth $2,115,000 after purchasing an additional 20 shares during the last quarter. Kensington Investment Counsel LLC raised its stake in shares of Tyler Technologies by 0.8% during the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after buying an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in shares of Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after buying an additional 21 shares during the last quarter. Baron Wealth Management LLC boosted its position in shares of Tyler Technologies by 1.5% in the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock worth $857,000 after buying an additional 22 shares in the last quarter. Finally, Choreo LLC grew its stake in Tyler Technologies by 3.9% in the 4th quarter. Choreo LLC now owns 647 shares of the technology company's stock valued at $374,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

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Insider Buying and Selling

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on TYL shares. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. DA Davidson reaffirmed a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. Piper Sandler raised their price target on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. The Goldman Sachs Group upped their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Finally, StockNews.com raised Tyler Technologies from a "hold" rating to a "buy" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies Trading Down 2.7 %

Shares of NYSE TYL traded down $14.38 on Tuesday, reaching $520.65. 310,994 shares of the company traded hands, compared to its average volume of 252,328. The stock has a market capitalization of $22.44 billion, a PE ratio of 85.92, a P/E/G ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $661.31. 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 company has a 50 day moving average of $593.17 and a 200 day moving average of $596.09.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 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%. On average, equities research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.