AQR Capital Management LLC Has $53.91 Million Stake in Tyler Technologies, Inc. (NYSE:TYL)

AQR Capital Management LLC boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 170.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,485 shares of the technology company's stock after purchasing an additional 58,856 shares during the period. AQR Capital Management LLC owned about 0.22% of Tyler Technologies worth $53,907,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its position in Tyler Technologies by 2.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock valued at $453,000 after acquiring an additional 18 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Tyler Technologies by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock worth $2,115,000 after buying an additional 20 shares in the last quarter. Kensington Investment Counsel LLC increased its stake in shares of Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after buying an additional 20 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Tyler Technologies by 18.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after acquiring an additional 21 shares during the last quarter. Finally, Baron Wealth Management LLC lifted its stake in shares of Tyler Technologies by 1.5% during the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock valued at $857,000 after acquiring an additional 22 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Stock Up 1.4 %

Shares of TYL stock traded up $7.52 during trading on Wednesday, reaching $560.19. The company's stock had a trading volume of 43,371 shares, compared to its average volume of 257,535. Tyler Technologies, Inc. has a one year low of $458.50 and a one year high of $661.31. The business has a fifty day moving average price of $566.45 and a 200-day moving average price of $591.47. The company has a market cap of $24.16 billion, a price-to-earnings ratio of 92.08, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL - Get Free Report) last released 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. The business had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. Tyler Technologies's revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.20 earnings per share. Analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current 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 shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. The trade was 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 this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,429 shares of company stock worth $8,888,780. Insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

TYL has been the subject of several recent research reports. Needham & Company LLC reissued a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a report on Thursday, April 24th. Robert W. Baird cut their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. DA Davidson lowered their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Wells Fargo & Company cut their price target on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, StockNews.com cut Tyler Technologies from a "buy" rating to a "hold" rating in a research note on Friday, May 2nd. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $674.67.

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.