Boothbay Fund Management LLC Buys 509 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Boothbay Fund Management LLC raised its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 130.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the technology company's stock after purchasing an additional 509 shares during the quarter. Boothbay Fund Management LLC's holdings in Tyler Technologies were worth $519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Tyler Technologies during the 4th quarter valued at approximately $528,465,000. Van ECK Associates Corp increased its stake in shares of Tyler Technologies by 1,991.8% in the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock worth $317,486,000 after buying an additional 524,259 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Tyler Technologies in the fourth quarter valued at $159,947,000. JPMorgan Chase & Co. boosted its stake in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after acquiring an additional 275,511 shares during the last quarter. Finally, Seilern Investment Management Ltd bought a new stake in shares of Tyler Technologies in the 4th quarter worth about $105,549,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

NYSE TYL traded up $1.13 on Tuesday, reaching $550.47. 38,185 shares of the stock traded hands, compared to its average volume of 257,435. Tyler Technologies, Inc. has a 12 month low of $458.50 and a 12 month high of $661.31. The company has a market cap of $23.74 billion, a price-to-earnings ratio of 90.82, a P/E/G ratio of 4.93 and a beta of 0.88. The firm's fifty day simple moving average is $567.49 and its 200 day simple moving average is $591.74. 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 issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 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 firm had revenue of $562.43 million for the quarter, compared to analysts' expectations of $556.45 million. During the same period in the previous year, the business earned $2.20 earnings per share. Tyler Technologies's revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 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 directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,064 shares of company stock valued at $8,688,030 over the last three months. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

TYL has been the subject of a number of research analyst reports. Barclays lowered their price target on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Wells Fargo & Company decreased their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group increased their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. DA Davidson lowered their target price on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Finally, StockNews.com cut Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently 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.