Ashford Capital Management Inc. reduced its stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 33.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,584 shares of the technology company’s stock after selling 10,609 shares during the quarter. Ashford Capital Management Inc.’s holdings in Tyler Technologies were worth $7,390,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. American Capital Management Inc. boosted its holdings in shares of Tyler Technologies by 348.9% during the first quarter. American Capital Management Inc. now owns 98,942 shares of the technology company’s stock worth $33,876,000 after acquiring an additional 76,903 shares during the period. Quantinno Capital Management LP increased its stake in shares of Tyler Technologies by 93.0% during the first quarter. Quantinno Capital Management LP now owns 61,857 shares of the technology company’s stock worth $21,179,000 after purchasing an additional 29,812 shares during the period. Delta Global Management LP bought a new position in shares of Tyler Technologies during the first quarter worth approximately $1,963,000. OMERS ADMINISTRATION Corp lifted its holdings in Tyler Technologies by 32.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 2,011 shares of the technology company’s stock worth $689,000 after purchasing an additional 495 shares during the last quarter. Finally, Waverly Advisors LLC boosted its stake in Tyler Technologies by 1.6% in the 1st quarter. Waverly Advisors LLC now owns 12,751 shares of the technology company’s stock valued at $4,366,000 after purchasing an additional 205 shares during the period. 93.30% of the stock is currently owned by institutional investors and hedge funds.
Tyler Technologies Stock Performance
Shares of TYL opened at $315.87 on Tuesday. Tyler Technologies, Inc. has a 52-week low of $270.71 and a 52-week high of $621.34. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 43.63, a PEG ratio of 1.97 and a beta of 0.82. The business’s fifty day moving average is $303.82 and its 200-day moving average is $337.22.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on TYL. Truist Financial set a $440.00 price objective on shares of Tyler Technologies in a research note on Friday, May 1st. JPMorgan Chase & Co. cut their price objective on shares of Tyler Technologies from $650.00 to $525.00 and set an “overweight” rating for the company in a research report on Tuesday, June 23rd. Barclays increased their price objective on shares of Tyler Technologies from $420.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 10th. Guggenheim began coverage on shares of Tyler Technologies in a research report on Wednesday, July 22nd. They issued a “buy” rating and a $440.00 target price for the company. Finally, BTIG Research reaffirmed a “buy” rating and set a $420.00 price target on shares of Tyler Technologies in a report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $464.59.
Check Out Our Latest Research Report on TYL
About Tyler Technologies
Tyler Technologies, Inc is a provider of software and technology services for the public sector, delivering integrated systems that help government and public agencies manage operations, finances and citizen services. Headquartered in Plano, Texas, the company focuses on developing and implementing solutions for local and state governments, school districts, courts and public safety organizations. Its offerings are aimed at modernizing administrative workflows, improving transparency and enabling digital interactions between governments and the communities they serve.
Tyler’s product portfolio spans enterprise resource planning and financial management, tax and billing systems, court case and records management, public safety solutions (including computer-aided dispatch and records management), land and property management, permitting and licensing, and enterprise asset management.
Featured Stories
- Five stocks we like better than Tyler Technologies
- AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
- Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
- Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
- Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight
Want to see what other hedge funds are holding TYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tyler Technologies, Inc. (NYSE:TYL – Free Report).
Receive News & Ratings for Tyler Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyler Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
