Xponance Inc. Buys 29 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Xponance Inc. grew its stake in Tyler Technologies, Inc. (NYSE:TYL) by 0.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,981 shares of the technology company’s stock after purchasing an additional 29 shares during the quarter. Xponance Inc.’s holdings in Tyler Technologies were worth $5,179,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TYL. Van ECK Associates Corp grew its holdings in shares of Tyler Technologies by 1,991.8% in the 4th quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company’s stock valued at $317,486,000 after acquiring an additional 524,259 shares in the last quarter. Raymond James Financial Inc. bought a new position in Tyler Technologies during the fourth quarter worth about $159,947,000. JPMorgan Chase & Co. grew its holdings in Tyler Technologies by 148.2% during the third quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after purchasing an additional 275,511 shares during the period. Seilern Investment Management Ltd bought a new position in Tyler Technologies during the fourth quarter worth about $105,549,000. Finally, Wealthfront Advisers LLC grew its holdings in Tyler Technologies by 8,973.6% during the fourth quarter. Wealthfront Advisers LLC now owns 154,433 shares of the technology company’s stock worth $89,052,000 after purchasing an additional 152,731 shares during the period. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Trading Up 0.6 %

Shares of TYL stock opened at $578.40 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market cap of $24.88 billion, a P/E ratio of 95.44, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The stock has a 50 day simple moving average of $598.88 and a 200 day simple moving average of $598.17. Tyler Technologies, Inc. has a 1 year low of $397.80 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL) last issued 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%. On average, research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction 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. This represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the company’s 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 sale, the chief financial officer now owns 14,026 shares of the company’s stock, valued at $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,064 shares of company stock worth $8,688,030. Company insiders own 2.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TYL. Barclays lifted their price target on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. DA Davidson reiterated a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Wells Fargo & Company restated an “equal weight” rating and set a $615.00 price objective (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group boosted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $676.25.

About Tyler Technologies

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.