Hilltop Holdings Inc. Makes New $646,000 Investment in Tyler Technologies, Inc. (NYSE:TYL)

Hilltop Holdings Inc. bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,106 shares of the technology company's stock, valued at approximately $646,000.

A number of other large investors also recently bought and sold shares of the business. Swedbank AB bought a new stake in shares of Tyler Technologies during the second quarter valued at approximately $251,390,000. International Assets Investment Management LLC raised its position in shares of 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 worth $179,564,000 after acquiring an additional 307,498 shares in the last quarter. FMR LLC lifted its stake in shares of Tyler Technologies by 94.1% during the 3rd quarter. FMR LLC now owns 109,319 shares of the technology company's stock worth $63,812,000 after purchasing an additional 52,984 shares during the last quarter. Westwind Capital boosted its position in Tyler Technologies by 7,614.0% during the third quarter. Westwind Capital now owns 46,361 shares of the technology company's stock valued at $27,062,000 after purchasing an additional 45,760 shares in the last quarter. Finally, LMR Partners LLP bought a new position in Tyler Technologies in the third quarter worth about $23,383,000. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,246,500. The trade was a 6.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 2,500 shares of the business's stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $624.41, for a total value of $1,561,025.00. Following the sale, the chief financial officer now owns 11,950 shares of the company's stock, valued at approximately $7,461,699.50. This trade represents a 17.30 % decrease in their ownership of the stock. 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 in the last three months. 2.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Robert W. Baird upped their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. JMP Securities raised their price target on Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a report on Friday, October 25th. Piper Sandler lifted their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a research note on Friday, October 25th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $627.00 price objective on shares of Tyler Technologies in a report on Friday, September 13th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of "Moderate Buy" and an average price target of $642.62.

Tyler Technologies Stock Performance

NYSE TYL traded down $7.58 during mid-day trading on Friday, reaching $623.15. 196,958 shares of the stock were exchanged, compared to its average volume of 234,515. The company has a market capitalization of $26.67 billion, a P/E ratio of 113.71, a P/E/G ratio of 5.64 and a beta of 0.76. 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 business's 50 day moving average is $603.88 and its 200-day moving average is $560.21. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $638.56.

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