Graham Capital Management L.P. Grows Stake in Tyler Technologies, Inc. (NYSE:TYL)

Graham Capital Management L.P. lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 150.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,213 shares of the technology company's stock after buying an additional 4,337 shares during the quarter. Graham Capital Management L.P.'s holdings in Tyler Technologies were worth $4,159,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Tyler Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock valued at $3,062,190,000 after purchasing an additional 62,420 shares in the last quarter. Geode Capital Management LLC boosted its position in Tyler Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock valued at $654,406,000 after purchasing an additional 27,826 shares in the last quarter. Franklin Resources Inc. boosted its position in Tyler Technologies by 7.9% during the fourth quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock valued at $567,768,000 after purchasing an additional 71,869 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Tyler Technologies by 3.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock valued at $541,680,000 after purchasing an additional 35,198 shares in the last quarter. Finally, Norges Bank bought a new stake in Tyler Technologies during the fourth quarter valued at about $528,465,000. Institutional investors own 93.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TYL. The Goldman Sachs Group raised their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Piper Sandler lowered their price target on Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating for the company in a report on Friday, April 25th. StockNews.com raised Tyler Technologies from a "hold" rating to a "buy" rating in a report on Saturday. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price target on shares of Tyler Technologies in a report on Tuesday. Finally, Robert W. Baird reduced their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $674.67.

Insider Transactions at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the company's 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 completion of the sale, the insider now directly owns 6,983 shares of the company's stock, valued at $4,322,477. This represents a 46.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brian K. Miller sold 1,550 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. The trade was a 9.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,462 shares of company stock valued at $9,464,626. 1.10% of the stock is currently owned by corporate insiders.

Tyler Technologies Trading Up 0.2%

NYSE:TYL traded up $1.21 on Tuesday, reaching $566.40. The company's stock had a trading volume of 15,230 shares, compared to its average volume of 257,983. Tyler Technologies, Inc. has a 12-month low of $458.50 and a 12-month high of $661.31. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.18. The firm has a market cap of $24.43 billion, a price-to-earnings ratio of 93.29, a price-to-earnings-growth ratio of 4.93 and a beta of 0.88. The stock has a 50 day moving average price of $562.22 and a 200 day moving average price of $590.53.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. During the same quarter in the previous year, the business earned $2.20 EPS. The company's quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.