Jackson Square Capital LLC Has $1.32 Million Stock Position in Tyler Technologies, Inc. (NYSE:TYL)

Jackson Square Capital LLC raised its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 1.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,263 shares of the technology company’s stock after acquiring an additional 25 shares during the quarter. Jackson Square Capital LLC’s holdings in Tyler Technologies were worth $1,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Wealth Solutions LLC acquired a new position in Tyler Technologies in the 1st quarter valued at approximately $26,000. Larson Financial Group LLC boosted its stake in shares of 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 purchasing an additional 31 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of Tyler Technologies in the 4th quarter valued at $32,000. Brown Brothers Harriman & Co. boosted its stake 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 valued at $32,000 after purchasing an additional 42 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Tyler Technologies in the 4th quarter valued at $40,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TYL. Needham & Company LLC reaffirmed a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a research note on Tuesday, May 13th. Barclays reduced their price objective on shares of Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a research note on Friday, April 25th. Robert W. Baird reduced their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Cantor Fitzgerald began coverage on shares of Tyler Technologies in a research note on Tuesday, June 3rd. They issued a “neutral” rating and a $600.00 price objective on the stock. Finally, DA Davidson reduced their price objective on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $680.50.

Tyler Technologies Stock Down 1.3%

Tyler Technologies stock opened at $580.06 on Friday. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 95.72, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84. The firm’s fifty day moving average price is $564.19 and its two-hundred day moving average price is $584.90. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The firm had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. During the same period last year, the firm earned $2.20 earnings per share. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $585.18, for a total value of $3,072,195.00. Following the completion of the sale, the chief executive officer now owns 81,775 shares in the company, valued at $47,853,094.50. This represents a 6.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $558.86, for a total transaction of $2,794,300.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at approximately $3,902,519.38. This represents a 41.73% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,300 shares of company stock valued at $14,480,366. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Company 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.