Paragon Capital Management Inc. Acquires 1,958 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Paragon Capital Management Inc. grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 317.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,574 shares of the technology company's stock after buying an additional 1,958 shares during the period. Tyler Technologies accounts for about 1.2% of Paragon Capital Management Inc.'s investment portfolio, making the stock its 27th largest position. Paragon Capital Management Inc.'s holdings in Tyler Technologies were worth $1,496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC grew 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 during the last quarter. AdvisorNet Financial Inc lifted its position in shares of Tyler Technologies by 7.0% during the first quarter. AdvisorNet Financial Inc now owns 291 shares of the technology company's stock worth $169,000 after purchasing an additional 19 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Tyler Technologies by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock valued at $2,115,000 after purchasing an additional 20 shares during the period. Kensington Investment Counsel LLC grew its holdings 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 purchasing an additional 20 shares during the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of Tyler Technologies by 1.5% in the fourth quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company's stock worth $880,000 after purchasing an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Analysts Set New Price Targets

TYL has been the subject of a number of research analyst reports. Piper Sandler decreased their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. DA Davidson decreased their price target on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Wells Fargo & Company lowered their price target on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Barclays reduced their price objective on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $750.00 target price on shares of Tyler Technologies in a report on Tuesday, May 13th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, Tyler Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $680.50.

Insider Activity at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 5,250 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $585.18, for a total transaction of $3,072,195.00. Following the sale, the chief executive officer now owns 81,775 shares in the company, valued at approximately $47,853,094.50. The trade was a 6.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 1,200 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $580.72, for a total transaction of $696,864.00. Following the transaction, the chief financial officer now owns 13,772 shares in the company, valued at approximately $7,997,675.84. This trade represents a 8.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock valued at $15,177,230 over the last 90 days. Insiders own 1.10% of the company's stock.

Tyler Technologies Trading Down 0.4%

Shares of NYSE:TYL opened at $578.66 on Friday. The company has a market capitalization of $24.95 billion, a PE ratio of 87.15, a P/E/G ratio of 4.54 and a beta of 0.84. Tyler Technologies, Inc. has a 12-month low of $485.00 and a 12-month high of $661.31. The business's fifty day simple moving average is $566.97 and its 200-day simple moving average is $581.87.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, beating analysts' consensus estimates of $2.56 by $0.22. The company had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a return on equity of 10.29% and a net margin of 13.23%. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.20 earnings per share. Research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

About Tyler Technologies

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.

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