Quadrature Capital Ltd Buys Shares of 846 Tyler Technologies, Inc. (NYSE:TYL)

Quadrature Capital Ltd purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 846 shares of the technology company's stock, valued at approximately $494,000.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of Tyler Technologies by 18.3% in the 2nd quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company's stock valued at $4,081,000 after acquiring an additional 1,255 shares in the last quarter. Aigen Investment Management LP acquired a new position in shares of Tyler Technologies during the 3rd quarter worth approximately $1,309,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Tyler Technologies by 21.5% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 123,253 shares of the technology company's stock worth $61,969,000 after purchasing an additional 21,818 shares in the last quarter. Maiden Cove Capital LLC acquired a new stake in shares of Tyler Technologies in the 3rd quarter valued at approximately $583,000. Finally, Swedbank AB bought a new position in shares of Tyler Technologies in the second quarter valued at $251,390,000. 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 the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $590.98, for a total value of $2,954,900.00. Following the transaction, the chief executive officer now owns 75,000 shares in the company, valued at approximately $44,323,500. This represents a 6.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 2,500 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $624.41, for a total value of $1,561,025.00. Following the transaction, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,461,699.50. This represents a 17.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,500 shares of company stock valued at $27,790,888 over the last ninety days. 1.50% of the stock is currently owned by insiders.

Tyler Technologies Stock Down 0.2 %

NYSE TYL traded down $1.38 on Monday, hitting $621.77. 278,181 shares of the company were exchanged, compared to its average volume of 234,700. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $26.61 billion, a PE ratio of 113.43, a PEG ratio of 5.64 and a beta of 0.76. The stock has a fifty day moving average of $604.80 and a 200-day moving average of $562.01. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, beating the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The firm had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same quarter in the previous year, the company posted $1.66 earnings per share. The company's quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts forecast that Tyler Technologies, Inc. will post 7.36 earnings per share for the current year.

Analyst Ratings Changes

TYL has been the subject of a number of recent analyst reports. JMP Securities increased their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a "market outperform" rating in a research note on Friday, October 25th. Barclays lifted their price target on Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Piper Sandler boosted their target price on Tyler Technologies from $625.00 to $701.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Oppenheimer increased their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Robert W. Baird boosted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and twelve have assigned 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 $642.62.

Tyler Technologies Company 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.