Jackson Square Capital LLC Decreases Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Jackson Square Capital LLC reduced its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 29.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,130 shares of the technology company's stock after selling 907 shares during the quarter. Jackson Square Capital LLC's holdings in Tyler Technologies were worth $1,243,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TYL. Swedbank AB bought a new stake in Tyler Technologies during the second quarter worth $251,390,000. International Assets Investment Management LLC lifted its position in shares of Tyler Technologies by 252,047.5% during the 3rd quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock worth $179,564,000 after buying an additional 307,498 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Tyler Technologies by 15.3% in the first quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company's stock valued at $226,501,000 after buying an additional 70,801 shares in the last quarter. Quantum Capital Management LLC NJ grew its position in Tyler Technologies by 179.4% in the first quarter. Quantum Capital Management LLC NJ now owns 107,760 shares of the technology company's stock valued at $45,799,000 after acquiring an additional 69,189 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in Tyler Technologies by 18.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 424,982 shares of the technology company's stock worth $180,622,000 after acquiring an additional 65,814 shares in the last quarter. Institutional investors own 93.30% of the company's stock.

Tyler Technologies Trading Up 2.0 %

TYL stock traded up $12.15 during mid-day trading on Thursday, reaching $615.35. The company's stock had a trading volume of 266,235 shares, compared to its average volume of 228,905. The company has a market cap of $26.34 billion, a price-to-earnings ratio of 112.29, a price-to-earnings-growth ratio of 5.42 and a beta of 0.77. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $631.43. The business's 50 day moving average price is $590.22 and its 200 day moving average price is $539.16. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. Tyler Technologies's quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS. On average, equities research analysts predict that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TYL shares. Evercore ISI raised shares of Tyler Technologies to a "hold" rating in a report on Friday, July 26th. Barclays upped their target price on Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. The Goldman Sachs Group reissued a "buy" rating and set a $627.00 price target on shares of Tyler Technologies in a research note on Friday, September 13th. BTIG Research upped their price objective on Tyler Technologies from $550.00 to $630.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, Truist Financial reiterated a "buy" rating and issued a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $642.62.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 owns 6,983 shares of the company's stock, 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 legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Glenn A. Carter sold 3,350 shares of the firm's stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $582.57, for a total value of $1,951,609.50. Following the transaction, the director now owns 2,654 shares of the company's stock, valued at approximately $1,546,140.78. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares of the company's stock, valued at $4,042,738.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,850 shares of company stock valued at $12,151,735 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

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.