Schonfeld Strategic Advisors LLC Has $3.36 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Schonfeld Strategic Advisors LLC lifted its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,830 shares of the technology company's stock after acquiring an additional 618 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Tyler Technologies were worth $3,362,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of TYL. Vanguard Group Inc. increased its holdings in shares of Tyler Technologies by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock worth $3,062,190,000 after buying an additional 62,420 shares in the last quarter. Geode Capital Management LLC lifted 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 worth $654,406,000 after acquiring an additional 27,826 shares during the last quarter. Franklin Resources Inc. increased its stake in Tyler Technologies by 7.9% during the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock worth $567,768,000 after acquiring an additional 71,869 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Tyler Technologies by 3.9% in 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 buying an additional 35,198 shares in the last quarter. Finally, Norges Bank bought a new position in Tyler Technologies in the 4th quarter valued at approximately $528,465,000. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction that occurred on 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 transaction, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,429 shares of company stock worth $8,888,780 in the last quarter. 1.10% of the stock is owned by insiders.

Tyler Technologies Stock Performance

TYL traded up $3.78 during trading on Tuesday, hitting $553.12. 218,378 shares of the stock were exchanged, compared to its average volume of 258,375. 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 capitalization of $23.85 billion, a P/E ratio of 91.27, a PEG ratio of 4.93 and a beta of 0.88. Tyler Technologies, Inc. has a 1-year low of $458.50 and a 1-year high of $661.31. The stock has a fifty day moving average price of $566.45 and a two-hundred day moving average price of $591.47.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. The firm had revenue of $562.43 million for the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The firm's revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.20 earnings per share. As a group, sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Analysts Set New Price Targets

TYL has been the topic of several recent analyst reports. Wells Fargo & Company dropped their price objective on Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. 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. Truist Financial reiterated a "buy" rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Barclays decreased their price objective on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research report on Friday, April 25th. Finally, StockNews.com lowered Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $674.67.

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.