Baader Bank Aktiengesellschaft Purchases 524 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Baader Bank Aktiengesellschaft raised its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 59.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,412 shares of the technology company's stock after purchasing an additional 524 shares during the period. Baader Bank Aktiengesellschaft's holdings in Tyler Technologies were worth $814,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Tyler Technologies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock valued at $645,585,000 after buying an additional 24,284 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock valued at $547,354,000 after buying an additional 17,943 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Tyler Technologies by 4.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock valued at $527,785,000 after buying an additional 36,066 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares during the last quarter. Finally, Swedbank AB grew its position in shares of Tyler Technologies by 1.7% during the 4th quarter. Swedbank AB now owns 459,850 shares of the technology company's stock valued at $265,168,000 after buying an additional 7,838 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reaffirmed an "equal weight" rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Piper Sandler boosted their target price on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an "overweight" rating in a research note on Friday, October 25th. Truist Financial reissued a "buy" rating and set a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a research note on Friday, October 25th. Robert W. Baird boosted 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, Oppenheimer boosted 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $645.69.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 6,752 shares of the company's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $613.75, for a total value of $4,144,040.00. Following the transaction, the chief financial officer now directly owns 11,918 shares of the company's stock, valued at $7,314,672.50. This represents a 36.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was 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 directly owns 75,000 shares in the company, valued at approximately $45,436,500. The trade was a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,252 shares of company stock valued at $26,096,928. Company insiders own 2.20% of the company's stock.

Tyler Technologies Stock Down 1.3 %

NYSE:TYL traded down $7.95 during trading hours on Thursday, hitting $599.47. 113,984 shares of the company's stock traded hands, compared to its average volume of 218,274. The firm has a market cap of $25.66 billion, a P/E ratio of 109.38, a P/E/G ratio of 4.55 and a beta of 0.78. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56. 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 stock's fifty day moving average price is $598.59 and its two-hundred day moving average price is $588.22.

About Tyler Technologies

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.