Quantinno Capital Management LP Has $1.39 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

Quantinno Capital Management LP increased its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 74.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,401 shares of the technology company's stock after purchasing an additional 1,023 shares during the period. Quantinno Capital Management LP's holdings in Tyler Technologies were worth $1,385,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Daniel M. Pope sold 365 shares of the 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 sale, the director now owns 2,853 shares of the company's stock, valued at approximately $1,569,150. The trade was a 11.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,448 shares of company stock valued at $11,954,110 in the last quarter. Insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on TYL shares. Truist Financial restated a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. DA Davidson decreased their target price 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 shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Piper Sandler cut their price objective on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $687.82.

Tyler Technologies Stock Performance

Shares of TYL stock traded down $1.22 during trading on Wednesday, reaching $574.89. The company had a trading volume of 54,063 shares, compared to its average volume of 260,561. The firm's 50 day simple moving average is $561.46 and its two-hundred day simple moving average is $587.73. Tyler Technologies, Inc. has a one year low of $458.50 and a one year high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The company has a market capitalization of $24.79 billion, a PE ratio of 94.90, a PEG ratio of 4.93 and a beta of 0.88.

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