Twinbeech Capital LP Purchases New Position in Tyler Technologies, Inc. (NYSE:TYL)

Twinbeech Capital LP purchased a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 58,771 shares of the technology company’s stock, valued at approximately $33,890,000. Twinbeech Capital LP owned approximately 0.14% of Tyler Technologies at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC lifted its stake in shares of Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company’s stock valued at $26,000 after buying an additional 31 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Tyler Technologies in the 4th quarter worth approximately $32,000. Brown Brothers Harriman & Co. lifted its stake in Tyler Technologies by 300.0% in the 4th quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Kapitalo Investimentos Ltda purchased a new stake in Tyler Technologies in the 4th quarter worth approximately $40,000. Finally, OFI Invest Asset Management purchased a new stake in Tyler Technologies in the 4th quarter worth approximately $41,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TYL. DA Davidson lowered their target price on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. The Goldman Sachs Group increased their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. StockNews.com upgraded shares of Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 10th. Robert W. Baird lowered their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Finally, Barclays decreased their price target on shares of Tyler Technologies from $700.00 to $695.00 and set an “overweight” rating on the stock in a report on Friday, April 25th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $674.67.

Tyler Technologies Price Performance

TYL stock opened at $576.86 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. Tyler Technologies, Inc. has a 52 week low of $458.50 and a 52 week high of $661.31. The firm’s fifty day moving average is $561.21 and its 200 day moving average is $589.43. The firm has a market cap of $24.88 billion, a P/E ratio of 95.19, a P/E/G ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last released its 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. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. The company had revenue of $562.43 million for the quarter, compared to analyst estimates of $556.45 million. During the same quarter last year, the firm earned $2.20 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. Research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the sale, the insider now 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 filing with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares of the company’s stock, valued at $46,772,561.06. The trade was a 7.92% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,462 shares of company stock valued at $12,258,926. Insiders own 1.10% of the company’s stock.

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.