Centiva Capital LP Makes New Investment in Tyler Technologies, Inc. (NYSE:TYL)

Centiva Capital LP acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 1,520 shares of the technology company's stock, valued at approximately $887,000.

Several other hedge funds also recently modified their holdings of the company. APG Asset Management N.V. increased its holdings in Tyler Technologies by 1.4% in the 2nd quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company's stock worth $706,994,000 after purchasing an additional 20,842 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Tyler Technologies by 4.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock worth $527,785,000 after purchasing an additional 36,066 shares during the last quarter. Swedbank AB acquired a new position in shares of Tyler Technologies in the second quarter valued at approximately $251,390,000. International Assets Investment Management LLC raised its holdings in Tyler Technologies by 252,047.5% in the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock valued at $179,564,000 after buying an additional 307,498 shares during the last quarter. Finally, EULAV Asset Management boosted its position in Tyler Technologies by 3.0% during the 3rd quarter. EULAV Asset Management now owns 228,984 shares of the technology company's stock worth $133,663,000 after buying an additional 6,601 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Activity

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the business's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,461,699.50. The trade was a 17.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 37,000 shares of company stock valued at $22,409,563 over the last three months. Corporate insiders own 2.20% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TYL shares. Oppenheimer raised their price target 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. Truist Financial reaffirmed a "buy" rating and set a $685.00 target price (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Robert W. Baird raised their price objective on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. The Goldman Sachs Group restated a "buy" rating and issued a $627.00 target price on shares of Tyler Technologies in a report on Friday, September 13th. Finally, StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $642.62.

Tyler Technologies Stock Down 1.2 %

Shares of TYL traded down $7.58 during trading hours on Friday, reaching $623.15. The stock had a trading volume of 194,834 shares, compared to its average volume of 234,506. The firm has a 50-day simple moving average of $603.88 and a 200 day simple moving average of $560.21. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $26.67 billion, a price-to-earnings ratio of 113.71, a P/E/G ratio of 5.64 and a beta of 0.76.

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