Voleon Capital Management LP Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Voleon Capital Management LP bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,837 shares of the technology company's stock, valued at approximately $4,519,000.

Several other large investors have also modified their holdings of TYL. Schonfeld Strategic Advisors LLC boosted its position in Tyler Technologies by 11.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 5,830 shares of the technology company's stock valued at $3,362,000 after purchasing an additional 618 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Tyler Technologies by 170.0% during the 4th quarter. AQR Capital Management LLC now owns 93,485 shares of the technology company's stock worth $53,907,000 after acquiring an additional 58,856 shares in the last quarter. Northern Trust Corp lifted its position in Tyler Technologies by 13.9% during the fourth quarter. Northern Trust Corp now owns 497,367 shares of the technology company's stock valued at $286,802,000 after acquiring an additional 60,654 shares during the last quarter. Beacon Pointe Advisors LLC boosted its stake in Tyler Technologies by 3.7% in the fourth quarter. Beacon Pointe Advisors LLC now owns 1,501 shares of the technology company's stock valued at $866,000 after acquiring an additional 54 shares in the last quarter. Finally, Quarry LP grew its holdings in Tyler Technologies by 165.4% in the fourth quarter. Quarry LP now owns 353 shares of the technology company's stock worth $204,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 93.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TYL shares. Needham & Company LLC reissued a "buy" rating and issued a $750.00 price objective on shares of Tyler Technologies in a research report on Thursday, April 24th. Truist Financial reissued a "buy" rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Robert W. Baird dropped their price target on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. DA Davidson decreased their price objective on shares of Tyler Technologies from $595.00 to $570.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Barclays lowered their target price on shares of Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating for the company in a research note on Friday, April 25th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $674.67.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the transaction, the chief financial officer now owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the transaction, the chief executive officer now owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,064 shares of company stock worth $8,688,030. 1.10% of the stock is owned by corporate insiders.

Tyler Technologies Stock Performance

Shares of TYL stock traded up $10.87 during trading hours on Friday, hitting $550.47. The company's stock had a trading volume of 235,688 shares, compared to its average volume of 258,081. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $568.83 and a 200 day moving average of $591.97. Tyler Technologies, Inc. has a 12-month low of $458.50 and a 12-month high of $661.31. The stock has a market cap of $23.74 billion, a PE ratio of 90.84, a price-to-earnings-growth ratio of 4.93 and a beta of 0.84.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.56 by $0.22. The company had revenue of $562.43 million for the quarter, compared to analyst estimates 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 period in the prior year, the company earned $2.20 earnings per share. On average, sell-side analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Tyler Technologies Company 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.