Proficio Capital Partners LLC Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Proficio Capital Partners LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 58,241 shares of the technology company's stock, valued at approximately $33,584,000. Proficio Capital Partners LLC owned about 0.14% of Tyler Technologies at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its position in Tyler Technologies by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock worth $645,585,000 after buying an additional 24,284 shares during the last quarter. Franklin Resources Inc. lifted its position in Tyler Technologies by 2.0% during the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock valued at $547,354,000 after purchasing an additional 17,943 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Tyler Technologies by 4.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock valued at $527,785,000 after purchasing an additional 36,066 shares during the last quarter. Van ECK Associates Corp grew its position in Tyler Technologies by 1,991.8% during the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock worth $317,486,000 after purchasing an additional 524,259 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after buying an additional 275,511 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Insider Activity

In other news, insider John S. Marr, Jr. sold 6,000 shares of the company's stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $633.55, for a total transaction of $3,801,300.00. Following the completion of the transaction, the insider now directly owns 6,983 shares of the company's stock, valued at approximately $4,424,079.65. This represents a 46.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,766 shares of company stock valued at $13,548,346. Company insiders own 2.20% of the company's stock.

Tyler Technologies Trading Up 1.9 %

NYSE:TYL traded up $11.63 on Tuesday, hitting $618.02. The stock had a trading volume of 197,215 shares, compared to its average volume of 245,086. The company has a fifty day moving average price of $598.68 and a two-hundred day moving average price of $598.02. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 102.29, a PEG ratio of 4.93 and a beta of 0.78.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TYL has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Truist Financial restated a "buy" rating and issued a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. DA Davidson reaffirmed a "neutral" rating and set a $575.00 target price on shares of Tyler Technologies in a report on Thursday, January 30th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Monday, February 24th. Finally, The Goldman Sachs Group lifted their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $676.25.

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.