Los Angeles Capital Management LLC Invests $4.84 Million in Tyler Technologies, Inc. (NYSE:TYL)

Los Angeles Capital Management LLC purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,567 shares of the technology company's stock, valued at approximately $4,836,000.

Other hedge funds have also added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Tyler Technologies during the 4th quarter worth about $31,000. Headlands Technologies LLC acquired a new stake in Tyler Technologies during the 4th quarter worth approximately $40,000. Lindbrook Capital LLC boosted its stake in Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company's stock valued at $49,000 after purchasing an additional 39 shares during the period. Chilton Capital Management LLC acquired a new position in Tyler Technologies in the 4th quarter valued at $52,000. Finally, Column Capital Advisors LLC increased its position in Tyler Technologies by 50.5% during the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company's stock worth $56,000 after buying an additional 49 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of several research reports. JMP Securities restated a "market outperform" rating and issued a $490.00 price target on shares of Tyler Technologies in a research note on Friday, April 26th. Oppenheimer raised their target price on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. JPMorgan Chase & Co. boosted their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. Needham & Company LLC reaffirmed a "buy" rating and issued a $500.00 price objective on shares of Tyler Technologies in a report on Thursday, April 25th. Finally, DA Davidson upped their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a "neutral" rating in a research report on Thursday, February 22nd. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $492.22.

Tyler Technologies Trading Up 1.5 %

Shares of Tyler Technologies stock traded up $7.02 during midday trading on Monday, reaching $476.02. The company had a trading volume of 198,374 shares, compared to its average volume of 214,331. The firm has a market cap of $20.21 billion, a PE ratio of 106.11, a P/E/G ratio of 4.38 and a beta of 0.76. The stock has a fifty day moving average price of $425.73 and a 200 day moving average price of $418.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. Tyler Technologies, Inc. has a fifty-two week low of $361.16 and a fifty-two week high of $477.86.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 7.14 earnings per share for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the transaction, the insider now directly owns 6,400 shares in the company, valued at approximately $2,799,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider John S. Marr, Jr. sold 6,500 shares of the firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the completion of the sale, the insider now directly owns 6,400 shares in the company, valued at approximately $2,799,936. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Glenn A. Carter sold 1,650 shares of the business's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $437.84, for a total value of $722,436.00. Following the completion of the sale, the director now directly owns 2,011 shares of the company's stock, valued at $880,496.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,608 shares of company stock valued at $24,268,969. Corporate insiders own 1.50% 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.