Townsquare Capital LLC Has $1.94 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Townsquare Capital LLC grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 3.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,329 shares of the technology company’s stock after purchasing an additional 106 shares during the quarter. Townsquare Capital LLC’s holdings in Tyler Technologies were worth $1,943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC lifted its holdings in Tyler Technologies by 64.8% in the first quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock valued at $1,253,000 after buying an additional 1,161 shares during the period. Atria Investments Inc lifted its stake in shares of Tyler Technologies by 4.4% in the 1st quarter. Atria Investments Inc now owns 3,768 shares of the technology company’s stock valued at $1,601,000 after purchasing an additional 160 shares during the period. Cetera Investment Advisers boosted its position in shares of Tyler Technologies by 665.0% during the 1st quarter. Cetera Investment Advisers now owns 14,199 shares of the technology company’s stock valued at $6,035,000 after purchasing an additional 12,343 shares in the last quarter. Cetera Advisors LLC grew its stake in Tyler Technologies by 592.2% during the first quarter. Cetera Advisors LLC now owns 4,243 shares of the technology company’s stock worth $1,803,000 after purchasing an additional 3,630 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Tyler Technologies by 59.2% in the second quarter. GAMMA Investing LLC now owns 904 shares of the technology company’s stock worth $455,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $576.62, for a total value of $2,883,100.00. Following the completion of the transaction, the chief executive officer now owns 75,000 shares in the company, valued at $43,246,500. This represents a 6.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of Tyler Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the sale, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. The trade was a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,100 shares of company stock worth $22,309,090. Insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Down 0.2 %

Shares of Tyler Technologies stock opened at $629.17 on Monday. The company has a market capitalization of $26.93 billion, a P/E ratio of 114.81, a price-to-earnings-growth ratio of 5.70 and a beta of 0.77. The stock has a fifty day simple moving average of $600.16 and a 200 day simple moving average of $557.28. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $637.53. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The firm had revenue of $543.34 million during the quarter, compared to analyst estimates of $547.34 million. During the same quarter in the prior year, the business posted $1.66 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TYL has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Barclays lifted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Piper Sandler upped their price objective on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Needham & Company LLC increased their price target on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $642.62.

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.