Bridgeway Capital Management LLC Purchases Shares of 4,282 Tyler Technologies, Inc. (NYSE:TYL)

Bridgeway Capital Management LLC purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,282 shares of the technology company's stock, valued at approximately $2,469,000.

Several other hedge funds have also recently bought and sold shares of TYL. Integrated Wealth Concepts LLC increased its stake 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 buying an additional 18 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of 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 valued at $2,115,000 after acquiring 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 fourth quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock worth $1,439,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings 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 in the last quarter. Finally, Baron Wealth Management LLC boosted its position in 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 purchasing an additional 22 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. This trade represents a 46.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brian K. Miller sold 1,033 shares of Tyler Technologies stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $557.45, for a total value of $575,845.85. Following the completion of the transaction, the chief financial officer now directly owns 13,028 shares of the company's stock, valued at approximately $7,262,458.60. This trade represents a 7.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,462 shares of company stock valued at $9,464,626. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on TYL shares. The Goldman Sachs Group upped their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Piper Sandler reduced their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Truist Financial reissued a "buy" rating and set a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. StockNews.com raised Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Needham & Company LLC restated a "buy" rating and set a $750.00 price objective on shares of Tyler Technologies in a research report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $674.67.

Tyler Technologies Trading Up 0.9%

Shares of Tyler Technologies stock traded up $5.06 on Monday, hitting $565.31. The stock had a trading volume of 334,201 shares, compared to its average volume of 258,936. The stock has a 50 day moving average of $562.22 and a 200 day moving average of $590.53. The firm has a market capitalization of $24.38 billion, a P/E ratio of 93.29, a PEG ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a twelve month low of $458.50 and a twelve month high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

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 analysts' consensus estimates of $2.56 by $0.22. The company had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Tyler Technologies's revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.20 earnings per share. Sell-side analysts expect that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

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.