3,523 Shares in Tyler Technologies, Inc. (NYSE:TYL) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,523 shares of the technology company's stock, valued at approximately $2,056,000.

A number of other hedge funds also recently made changes to their positions in the stock. Independence Bank of Kentucky purchased a new position in Tyler Technologies in the 2nd quarter worth $25,000. Ashton Thomas Securities LLC bought a new stake in shares of Tyler Technologies in the 3rd quarter valued at about $27,000. Blue Trust Inc. boosted its holdings in Tyler Technologies by 329.4% during the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company's stock valued at $37,000 after acquiring an additional 56 shares during the period. International Assets Investment Management LLC bought a new position in Tyler Technologies during the 2nd quarter worth approximately $61,000. Finally, Tobam purchased a new position in Tyler Technologies in the 3rd quarter worth approximately $78,000. 93.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. DA Davidson upped their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Oppenheimer increased their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Needham & Company LLC raised their target price on Tyler Technologies from $600.00 to $700.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. JMP Securities upped their price target on Tyler Technologies from $580.00 to $700.00 and gave the stock a "market outperform" rating in a research note on Friday, October 25th. Finally, Truist Financial reissued a "buy" rating and set a $685.00 price objective (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $642.62.

Insider Activity

In other news, insider John S. Marr, Jr. sold 12,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO H Lynn Moore, Jr. sold 6,250 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $45,436,500. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,500 shares of company stock worth $24,835,988. Corporate insiders own 1.50% of the company's stock.

Tyler Technologies Trading Down 0.7 %

Shares of NYSE TYL traded down $4.33 during mid-day trading on Tuesday, reaching $617.44. The company had a trading volume of 276,150 shares, compared to its average volume of 234,949. Tyler Technologies, Inc. has a 52 week low of $397.80 and a 52 week high of $638.56. The business's 50-day moving average is $606.33 and its 200-day moving average is $563.82. The stock has a market cap of $26.43 billion, a price-to-earnings ratio of 112.67, a price-to-earnings-growth ratio of 5.64 and a beta of 0.76. 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 posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business's revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.66 EPS. Equities analysts expect that Tyler Technologies, Inc. will post 7.36 earnings per share for the current 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.