XTX Topco Ltd Has $2.99 Million Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

XTX Topco Ltd raised its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 385.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,137 shares of the technology company's stock after purchasing an additional 4,078 shares during the quarter. XTX Topco Ltd's holdings in Tyler Technologies were worth $2,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TYL. Retirement Wealth Solutions LLC acquired a new stake in shares of Tyler Technologies during the 1st quarter valued at $26,000. Mowery & Schoenfeld Wealth Management LLC lifted its holdings in shares of Tyler Technologies by 820.0% in the first quarter. Mowery & Schoenfeld Wealth Management LLC now owns 46 shares of the technology company's stock valued at $27,000 after purchasing an additional 41 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Tyler Technologies by 300.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of Tyler Technologies by 221.1% in the first quarter. Cornerstone Planning Group LLC now owns 61 shares of the technology company's stock valued at $35,000 after purchasing an additional 42 shares in the last quarter. Finally, Kapitalo Investimentos Ltda purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at $40,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Trading Down 0.1%

Tyler Technologies stock traded down $0.67 during mid-day trading on Friday, hitting $583.89. 594,905 shares of the company's stock were exchanged, compared to its average volume of 291,418. The stock has a market cap of $25.18 billion, a P/E ratio of 83.41, a P/E/G ratio of 4.33 and a beta of 0.84. Tyler Technologies, Inc. has a 1-year low of $513.52 and a 1-year high of $661.31. The stock has a 50 day moving average of $573.50 and a two-hundred day moving average of $578.30.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.13. The company had revenue of $584.01 million for the quarter, compared to the consensus estimate of $587.59 million. Tyler Technologies had a return on equity of 10.52% and a net margin of 13.66%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $2.40 earnings per share. As a group, research analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research analyst reports. Cantor Fitzgerald initiated coverage on Tyler Technologies in a report on Tuesday, June 3rd. They issued a "neutral" rating and a $600.00 target price for the company. DA Davidson reduced 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. Robert W. Baird reduced their target price on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday, April 25th. 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, Wells Fargo & Company cut their price objective 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $686.91.

Insider Buying and Selling

In other news, insider Abigail Marshall Diaz-Pedrosa sold 375 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $573.60, for a total value of $215,100.00. Following the sale, the insider directly owned 247 shares of the company's stock, valued at approximately $141,679.20. This trade represents a 60.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 4,000 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $568.66, for a total transaction of $2,274,640.00. Following the completion of the sale, the insider owned 6,983 shares of the company's stock, valued at approximately $3,970,952.78. The trade was a 36.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,135 shares of company stock valued at $14,976,480 in the last quarter. Insiders own 1.10% of the company's stock.

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.