Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. raised its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 20.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,500 shares of the technology company's stock after purchasing an additional 7,300 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.10% of Tyler Technologies worth $24,507,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Larson Financial Group LLC raised its holdings in Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after buying an additional 31 shares during the period. Sierra Ocean LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter valued at about $32,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after acquiring an additional 42 shares during the last quarter. OFI Invest Asset Management acquired a new position in shares of Tyler Technologies in the 4th quarter worth approximately $41,000. Finally, Smithfield Trust Co boosted its position in shares of Tyler Technologies by 55.6% during the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock worth $48,000 after purchasing an additional 30 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on TYL shares. Needham & Company LLC restated a "buy" rating and set a $750.00 price target on shares of Tyler Technologies in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Truist Financial restated a "buy" rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Piper Sandler cut their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, DA Davidson reduced their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of "Moderate Buy" and an average price target of $674.67.

Insiders Place Their Bets

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,322,477. This trade represents a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were 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 of the company's stock, valued at $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,064 shares of company stock valued at $8,688,030. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Stock Down 0.6 %

Shares of Tyler Technologies stock traded down $3.21 during trading on Monday, hitting $521.43. 483,936 shares of the stock were exchanged, compared to its average volume of 256,597. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The firm's 50-day moving average price is $574.89 and its 200 day moving average price is $593.48. The stock has a market cap of $22.48 billion, a price-to-earnings ratio of 86.04, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 12-month low of $452.57 and a 12-month high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. The company had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Tyler Technologies's revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.20 EPS. As a group, analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.