EntryPoint Capital LLC Takes $714,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

EntryPoint Capital LLC bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,238 shares of the technology company's stock, valued at approximately $714,000. Tyler Technologies accounts for about 0.3% of EntryPoint Capital LLC's investment portfolio, making the stock its 26th biggest position.

Several other institutional investors also recently added to or reduced their stakes in TYL. Larson Financial Group LLC grew its stake in Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after acquiring an additional 31 shares in the last quarter. Sierra Ocean LLC purchased a new position in Tyler Technologies during the 4th quarter worth $32,000. OFI Invest Asset Management purchased a new position in Tyler Technologies during the 4th quarter worth $41,000. Smithfield Trust Co lifted its holdings in shares of Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock worth $48,000 after buying an additional 30 shares during the period. Finally, Private Trust Co. NA lifted its holdings in shares of Tyler Technologies by 51.8% in the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock worth $49,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Buying and Selling

In other Tyler Technologies news, 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 completion of the transaction, the chief financial officer now owns 14,026 shares of the company's stock, valued at $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock valued at $8,688,030 over the last ninety days. Company insiders own 2.20% of the company's stock.

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Tyler Technologies Stock Performance

NYSE TYL traded up $0.99 during trading hours on Friday, reaching $579.39. The stock had a trading volume of 297,612 shares, compared to its average volume of 248,500. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market cap of $24.98 billion, a P/E ratio of 95.61, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The stock has a fifty day moving average of $599.76 and a 200 day moving average of $597.63.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TYL. Truist Financial restated a "buy" rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson restated a "neutral" rating and issued a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Barclays increased their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. StockNews.com cut Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. Finally, 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 note on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

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.