Quantinno Capital Management LP Purchases 1,023 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Quantinno Capital Management LP increased its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 74.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,401 shares of the technology company's stock after buying an additional 1,023 shares during the quarter. Quantinno Capital Management LP's holdings in Tyler Technologies were worth $1,385,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Barclays PLC raised its position in shares of Tyler Technologies by 2.5% in the third quarter. Barclays PLC now owns 88,296 shares of the technology company's stock valued at $51,543,000 after buying an additional 2,169 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 275,511 shares during the period. Merit Financial Group LLC acquired a new stake in Tyler Technologies during the fourth quarter worth $305,000. Ameritas Advisory Services LLC acquired a new position in shares of Tyler Technologies in the 4th quarter valued at $288,000. Finally, MassMutual Private Wealth & Trust FSB increased 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 valued at $78,000 after acquiring an additional 21 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Shares of TYL stock traded down $0.18 during trading hours on Friday, reaching $567.24. The stock had a trading volume of 181,225 shares, compared to its average volume of 261,592. 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 firm has a 50-day simple moving average of $561.52 and a 200-day simple moving average of $588.19. The firm has a market capitalization of $24.46 billion, a PE ratio of 93.60, a price-to-earnings-growth 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.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The firm had revenue of $562.43 million for the quarter, compared to analysts' expectations of $556.45 million. During the same period last year, the firm earned $2.20 EPS. The firm's revenue was up 10.3% compared to the same quarter last year. As a group, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on TYL shares. Robert W. Baird dropped their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Truist Financial reiterated a "buy" rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Piper Sandler cut their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a report on Friday, April 25th. DA Davidson lowered their price objective on Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, 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 research note on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $687.82.

Insider Transactions at Tyler Technologies

In other news, 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 value of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares in the company, valued at $46,772,561.06. This represents a 7.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Brenda A. Cline sold 2,500 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $577.41, for a total transaction of $1,443,525.00. Following the completion of the sale, the director now owns 2,519 shares in the company, valued at approximately $1,454,495.79. This trade represents a 49.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,962 shares of company stock valued at $13,702,451. Company insiders own 1.10% of the company's stock.

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.