Freestone Grove Partners LP Makes New $607,000 Investment in Tyler Technologies, Inc. (NYSE:TYL)

Freestone Grove Partners LP acquired a new position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,052 shares of the technology company's stock, valued at approximately $607,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TYL. Integrated Wealth Concepts LLC boosted its holdings in Tyler Technologies by 2.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company's stock worth $453,000 after purchasing an additional 18 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in 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 worth $2,115,000 after buying an additional 20 shares in the last quarter. Kensington Investment Counsel LLC increased its position 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 valued at $1,439,000 after acquiring an additional 20 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in 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 purchasing an additional 21 shares during the last quarter. Finally, Baron Wealth Management LLC raised its stake in shares of Tyler Technologies by 1.5% during the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock worth $857,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Needham & Company LLC restated a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research note on Thursday, April 24th. Robert W. Baird lowered their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Friday. The Goldman Sachs Group lifted their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Finally, Wells Fargo & Company lowered their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $674.67.

Tyler Technologies Stock Up 0.7 %

NYSE TYL traded up $3.78 during mid-day trading on Tuesday, hitting $553.12. The company's stock had a trading volume of 218,378 shares, compared to its average volume of 258,375. The firm has a market capitalization of $23.85 billion, a price-to-earnings ratio of 91.27, a PEG ratio of 4.93 and a beta of 0.88. The company's 50 day simple moving average is $566.45 and its 200 day simple moving average is $591.47. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. 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 announced its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share (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 company had revenue of $562.43 million for the quarter, compared to analysts' expectations of $556.45 million. During the same quarter in the previous year, the firm earned $2.20 earnings per share. Tyler Technologies's quarterly revenue was up 10.3% on a year-over-year basis. Analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Activity at Tyler Technologies

In other news, Director Daniel M. Pope sold 365 shares of the firm's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $550.00, for a total value of $200,750.00. Following the completion of the transaction, the director now directly owns 2,853 shares of the company's stock, valued at $1,569,150. This trade represents a 11.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,429 shares of company stock valued at $8,888,780. 1.10% of the stock is owned by insiders.

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.