Trexquant Investment LP Has $811,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

Trexquant Investment LP decreased its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 86.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,407 shares of the technology company's stock after selling 9,042 shares during the period. Trexquant Investment LP's holdings in Tyler Technologies were worth $811,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in TYL. Vanguard Group Inc. grew its stake in Tyler Technologies by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock valued at $3,062,190,000 after acquiring an additional 62,420 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Tyler Technologies by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock valued at $654,406,000 after purchasing an additional 27,826 shares in the last quarter. Franklin Resources Inc. raised its holdings in Tyler Technologies by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after buying an additional 71,869 shares during the period. Norges Bank bought a new position in Tyler Technologies in the fourth quarter valued at approximately $528,465,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Tyler Technologies by 1,991.8% in the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after buying an additional 524,259 shares during the period. Institutional investors own 93.30% of the company's stock.

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Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. The trade was a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares in the company, valued at $8,606,073.08. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,064 shares of company stock valued at $8,688,030. Company insiders own 2.20% of the company's stock.

Tyler Technologies Stock Performance

NYSE:TYL traded down $13.01 on Wednesday, hitting $565.42. The company's stock had a trading volume of 73,656 shares, compared to its average volume of 266,695. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The stock has a fifty day moving average of $588.47 and a two-hundred day moving average of $595.45. The firm has a market capitalization of $24.37 billion, a P/E ratio of 93.30, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Piper Sandler boosted their price objective 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. Needham & Company LLC reissued a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Truist Financial reissued 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $675.00.

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.