Assenagon Asset Management S.A. Grows Stake in Tyler Technologies, Inc. (NYSE:TYL)

Assenagon Asset Management S.A. lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 222.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,903 shares of the technology company's stock after buying an additional 25,459 shares during the quarter. Assenagon Asset Management S.A. owned about 0.09% of Tyler Technologies worth $21,541,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in TYL. Swedbank AB bought a new stake in shares of Tyler Technologies in the 2nd quarter valued at $251,390,000. International Assets Investment Management LLC grew its stake in Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock valued at $179,564,000 after acquiring an additional 307,498 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Tyler Technologies by 15.3% in the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company's stock worth $226,501,000 after buying an additional 70,801 shares during the last quarter. Quantum Capital Management LLC NJ boosted its stake in shares of Tyler Technologies by 179.4% in the 1st quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company's stock valued at $45,799,000 after purchasing an additional 69,189 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Tyler Technologies by 18.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company's stock valued at $180,622,000 after buying an additional 65,814 shares during the period. Institutional investors own 93.30% of the company's stock.

Analysts Set New Price Targets

TYL has been the subject of a number of analyst reports. Truist Financial reaffirmed a "buy" rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday. Barclays boosted their target price on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an "overweight" rating in a research report on Friday. Needham & Company LLC raised their target price on shares of Tyler Technologies from $600.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday. Oppenheimer boosted their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $627.00 price target on shares of Tyler Technologies in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $642.62.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at approximately $43,246,500. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total transaction of $2,883,100.00. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company's stock, valued at $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the company's stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at approximately $43,236,750. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,375 shares of company stock valued at $17,049,739. 2.20% of the stock is currently owned by corporate insiders.

Tyler Technologies Price Performance

Shares of TYL traded down $5.81 during mid-day trading on Friday, reaching $605.86. The company had a trading volume of 238,251 shares, compared to its average volume of 228,208. The company has a market capitalization of $25.85 billion, a P/E ratio of 125.18, a P/E/G ratio of 5.42 and a beta of 0.78. The company's 50-day moving average is $584.88 and its 200-day moving average is $527.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $631.43.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to analysts' expectations of $547.34 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $1.66 earnings per share. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 7.21 EPS for the current year.

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.