3,433 Shares in Tyler Technologies, Inc. (NYSE:TYL) Acquired by Next Century Growth Investors LLC

Next Century Growth Investors LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,433 shares of the technology company’s stock, valued at approximately $1,980,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TYL. Qtron Investments LLC acquired a new position in shares of Tyler Technologies in the fourth quarter worth about $257,000. Sterling Capital Management LLC lifted its position in shares of Tyler Technologies by 7.0% in the 4th quarter. Sterling Capital Management LLC now owns 962 shares of the technology company’s stock valued at $555,000 after acquiring an additional 63 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Tyler Technologies by 1.4% in the 4th quarter. Treasurer of the State of North Carolina now owns 26,649 shares of the technology company’s stock worth $15,367,000 after purchasing an additional 372 shares during the period. Scotia Capital Inc. grew its position in Tyler Technologies by 32.3% during the 4th quarter. Scotia Capital Inc. now owns 1,459 shares of the technology company’s stock worth $841,000 after purchasing an additional 356 shares in the last quarter. Finally, APG Asset Management US Inc. acquired a new stake in Tyler Technologies during the 4th quarter valued at $774,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Up 1.9 %

Tyler Technologies stock opened at $568.42 on Friday. 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, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The firm’s fifty day simple moving average is $590.08 and its 200-day simple moving average is $595.48. The company has a market capitalization of $24.50 billion, a P/E ratio of 93.80, a P/E/G ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This trade represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,064 shares of company stock valued at $8,688,030. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on TYL shares. StockNews.com cut Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday. Piper Sandler raised their price objective on Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Barclays raised their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Four 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 a consensus rating of “Moderate Buy” and a consensus target price of $676.25.

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.