Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Versor Investments LP

Versor Investments LP raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 541.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,134 shares of the technology company's stock after purchasing an additional 4,334 shares during the quarter. Tyler Technologies accounts for about 0.5% of Versor Investments LP's investment portfolio, making the stock its 17th largest position. Versor Investments LP's holdings in Tyler Technologies were worth $2,997,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bessemer Group Inc. raised its holdings in Tyler Technologies by 39.4% during the first quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company's stock valued at $2,906,000 after acquiring an additional 1,935 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Tyler Technologies by 7.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,724 shares of the technology company's stock worth $19,858,000 after purchasing an additional 3,198 shares during the period. Natixis grew its holdings in Tyler Technologies by 114.0% during the 1st quarter. Natixis now owns 2,253 shares of the technology company's stock valued at $958,000 after buying an additional 1,200 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Tyler Technologies by 143.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company's stock valued at $762,000 after buying an additional 1,058 shares during the last quarter. Finally, Tidal Investments LLC lifted its holdings in shares of Tyler Technologies by 64.8% in the first quarter. Tidal Investments LLC now owns 2,953 shares of the technology company's stock worth $1,253,000 after buying an additional 1,161 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Tyler Technologies Stock Performance

TYL traded down $10.14 during trading on Monday, reaching $613.08. 307,379 shares of the company's stock were exchanged, compared to its average volume of 229,624. The company's fifty day simple moving average is $591.43 and its 200-day simple moving average is $543.44. The stock has a market capitalization of $26.24 billion, a P/E ratio of 111.88, a price-to-earnings-growth ratio of 5.62 and a beta of 0.77. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $631.43.

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, topping the consensus estimate of $2.43 by $0.09. The business had revenue of $543.34 million for the quarter, compared to analyst estimates of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.66 EPS. As a group, research analysts predict that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on TYL. Oppenheimer lifted 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. Robert W. Baird lifted their target price on Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. StockNews.com lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. DA Davidson lifted their price objective on Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Finally, Wells Fargo & Company increased their target price on Tyler Technologies from $580.00 to $600.00 and gave the company an "overweight" rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $642.62.

Insider Activity

In related news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at approximately $4,042,738.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,042,738.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 30,100 shares of company stock worth $17,746,270 over the last three months. Insiders own 2.20% of the company's stock.

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.