Board of the Pension Protection Fund Invests $750,000 in Tyler Technologies, Inc. (NYSE:TYL)

Board of the Pension Protection Fund purchased a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,300 shares of the technology company's stock, valued at approximately $750,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Oak Thistle LLC raised its position in shares of Tyler Technologies by 213.7% in the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company's stock worth $1,342,000 after acquiring an additional 1,586 shares in the last quarter. Aigen Investment Management LP purchased a new stake in shares of Tyler Technologies in the third quarter worth $1,309,000. Maiden Cove Capital LLC bought a new position in shares of Tyler Technologies during the third quarter valued at $583,000. Assetmark Inc. raised its position in shares of Tyler Technologies by 9.4% in the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company's stock worth $5,785,000 after purchasing an additional 854 shares during the last quarter. Finally, MBB Public Markets I LLC bought a new position in Tyler Technologies in the 2nd quarter worth about $1,564,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

TYL stock traded up $1.49 during mid-day trading on Wednesday, reaching $571.76. The company's stock had a trading volume of 186,896 shares, compared to its average volume of 211,966. The company's 50 day moving average is $603.11 and its two-hundred day moving average is $582.71. The stock has a market cap of $24.47 billion, a PE ratio of 104.34, a P/E/G ratio of 5.54 and a beta of 0.78. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $638.56.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.09. The company had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. Tyler Technologies's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.66 EPS. Equities research analysts expect that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TYL shares. Barclays lifted their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Robert W. Baird boosted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Wells Fargo & Company reiterated an "equal weight" rating and set a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Piper Sandler boosted their price target on Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Finally, Truist Financial reaffirmed a "buy" rating and set a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and an average target price of $643.77.

Insider Activity

In other news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total transaction of $1,561,025.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company's stock, valued at approximately $7,461,699.50. The trade was a 17.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies 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 sale, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at $45,436,500. This trade represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,252 shares of company stock worth $26,096,928. 1.50% of the stock is currently owned by company insiders.

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.