Los Angeles Capital Management LLC Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Los Angeles Capital Management LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, HoldingsChannel reports. The firm bought 11,567 shares of the technology company’s stock, valued at approximately $4,836,000.

Several other large investors also recently modified their holdings of TYL. First Trust Direct Indexing L.P. lifted its position in shares of Tyler Technologies by 2.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 1,095 shares of the technology company’s stock worth $423,000 after purchasing an additional 29 shares during the period. Baron Wealth Management LLC boosted its position in Tyler Technologies by 2.0% during the 4th quarter. Baron Wealth Management LLC now owns 1,463 shares of the technology company’s stock valued at $612,000 after acquiring an additional 29 shares in the last quarter. Centered Wealth LLC dba Miller Equity Capital Advisors grew its holdings in shares of Tyler Technologies by 0.8% during the 4th quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock worth $1,639,000 after acquiring an additional 30 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Tyler Technologies by 0.6% during the 3rd quarter. CIBC Asset Management Inc now owns 6,030 shares of the technology company’s stock worth $2,328,000 after acquiring an additional 35 shares during the period. Finally, Allred Capital Management LLC raised its position in shares of Tyler Technologies by 0.8% in the 3rd quarter. Allred Capital Management LLC now owns 4,663 shares of the technology company’s stock worth $1,801,000 after acquiring an additional 36 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Stock Performance

TYL stock opened at $469.00 on Monday. The stock’s 50 day simple moving average is $425.73 and its 200 day simple moving average is $418.48. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.20. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $471.53. The stock has a market capitalization of $19.91 billion, a PE ratio of 106.11, a price-to-earnings-growth ratio of 4.38 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. Tyler Technologies had a return on equity of 9.35% and a net margin of 9.50%. The company had revenue of $480.94 million for the quarter, compared to analysts’ expectations of $483.34 million. As a group, research analysts forecast that Tyler Technologies, Inc. will post 7.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TYL. Needham & Company LLC restated a “buy” rating and set a $500.00 price target on shares of Tyler Technologies in a research report on Thursday, April 25th. Robert W. Baird boosted their target price on shares of Tyler Technologies from $500.00 to $525.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Piper Sandler reissued an “overweight” rating and set a $520.00 price target on shares of Tyler Technologies in a research report on Wednesday, April 24th. JPMorgan Chase & Co. upped their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, JMP Securities reiterated a “market outperform” rating and set a $490.00 target price on shares of Tyler Technologies in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $492.22.

Insider Activity

In other news, Director Brenda A. Cline sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the completion of the transaction, the director now directly owns 1,358 shares of the company’s stock, valued at $623,091.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tyler Technologies 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 transaction, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,799,936. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brenda A. Cline sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total transaction of $2,294,150.00. Following the sale, the director now directly owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The disclosure for this sale can be found here. Insiders have sold a total of 55,608 shares of company stock valued at $24,268,969 in the last 90 days. 1.50% of the stock is currently owned by insiders.

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.