Aptus Capital Advisors LLC Raises Position in Tyler Technologies, Inc. (NYSE:TYL)

Aptus Capital Advisors LLC increased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,204 shares of the technology company's stock after acquiring an additional 2,058 shares during the quarter. Aptus Capital Advisors LLC's holdings in Tyler Technologies were worth $10,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Larson Financial Group LLC boosted its holdings in shares of Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after buying an additional 31 shares in the last quarter. Sierra Ocean LLC bought a new stake in Tyler Technologies in the fourth quarter worth $32,000. Brown Brothers Harriman & Co. increased its holdings in shares of Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Kapitalo Investimentos Ltda bought a new stake in Tyler Technologies during the 4th quarter valued at about $40,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Tyler Technologies during the fourth quarter valued at approximately $41,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Trading Down 0.3 %

Shares of Tyler Technologies stock traded down $1.55 on Friday, hitting $561.26. 93,560 shares of the company traded hands, compared to its average volume of 257,688. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31. The company has a market cap of $24.20 billion, a PE ratio of 92.62, a PEG ratio of 4.93 and a beta of 0.88. The stock's 50 day moving average price is $564.61 and its 200-day moving average price is $591.08. 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 - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.22. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The company had revenue of $562.43 million for the quarter, compared to analysts' expectations of $556.45 million. During the same period in the prior year, the business earned $2.20 EPS. The firm's quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Transactions at Tyler Technologies

In related news, Director Daniel M. Pope sold 365 shares of Tyler Technologies stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the sale, the director now directly owns 2,853 shares in the company, valued at $1,569,150. This trade represents a 11.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were 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 approximately $46,772,561.06. The trade was a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 14,429 shares of company stock valued at $8,888,780. Corporate insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TYL. The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. DA Davidson lowered 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 report on Friday, April 25th. Barclays lowered their price target on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Piper Sandler decreased their price target on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company cut their target price on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Tyler Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $674.67.

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.