471 Shares in Tyler Technologies, Inc. (NYSE:TYL) Purchased by AXQ Capital LP

AXQ Capital LP purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 471 shares of the technology company's stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds have also made changes to their positions in TYL. Van ECK Associates Corp boosted its holdings in Tyler Technologies by 1,991.8% during the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after acquiring an additional 524,259 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Tyler Technologies in the fourth quarter valued at approximately $159,947,000. JPMorgan Chase & Co. grew its holdings in shares of Tyler Technologies by 148.2% in the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after purchasing an additional 275,511 shares in the last quarter. Seilern Investment Management Ltd purchased a new stake in Tyler Technologies during the 4th quarter worth approximately $105,549,000. Finally, Wealthfront Advisers LLC lifted its holdings in Tyler Technologies by 8,973.6% during the 4th quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company's stock worth $89,052,000 after buying an additional 152,731 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Shares of TYL stock traded up $1.13 during trading hours on Thursday, hitting $578.46. The stock had a trading volume of 162,487 shares, compared to its average volume of 240,702. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm has a market capitalization of $24.94 billion, a PE ratio of 95.46, a PEG ratio of 4.93 and a beta of 0.80. The stock's 50 day moving average is $599.55 and its 200 day moving average is $597.69. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $661.31.

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Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing analysts' consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, research analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction on 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 transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction on 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 of the company's stock, valued at $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TYL. Piper Sandler upped their price objective on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. DA Davidson reiterated a "neutral" rating and issued a $575.00 price objective on shares of Tyler Technologies in a research note on Thursday, January 30th. Truist Financial restated a "buy" rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Finally, Barclays lifted their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and an average target price of $676.25.

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.