Postrock Partners LLC Invests $363,000 in Tyler Technologies, Inc. (NYSE:TYL)

Postrock Partners LLC acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 630 shares of the technology company's stock, valued at approximately $363,000.

Several other hedge funds also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its stake in Tyler Technologies by 37.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 11,968 shares of the technology company's stock valued at $6,901,000 after acquiring an additional 3,241 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Tyler Technologies by 3.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 67,928 shares of the technology company's stock valued at $39,333,000 after acquiring an additional 2,420 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in Tyler Technologies by 33.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 3,838 shares of the technology company's stock valued at $2,213,000 after acquiring an additional 952 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Tyler Technologies by 1,666.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the technology company's stock valued at $275,000 after purchasing an additional 450 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in Tyler Technologies by 8,973.6% during the fourth quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company's stock valued at $89,052,000 after purchasing an additional 152,731 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on TYL. Needham & Company LLC reiterated a "buy" rating and set a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. 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 report on Tuesday, January 7th. The Goldman Sachs Group lifted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Piper Sandler lifted their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Barclays lifted their target price on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Tyler Technologies Trading Down 0.0 %

NYSE:TYL traded down $0.04 during midday trading on Tuesday, reaching $574.53. 270,722 shares of the stock traded hands, compared to its average volume of 239,442. The company has a fifty day moving average of $598.57 and a 200 day moving average of $598.40. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month 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 capitalization of $24.71 billion, a P/E ratio of 94.81, a PEG ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 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%. On average, research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is currently owned by company insiders.

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.