QRG Capital Management Inc. Acquires 164 Shares of Tyler Technologies, Inc. (NYSE:TYL)

QRG Capital Management Inc. boosted its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 21.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 940 shares of the technology company’s stock after acquiring an additional 164 shares during the period. QRG Capital Management Inc.’s holdings in Tyler Technologies were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its position in shares of Tyler Technologies by 39.4% during the first quarter. Bessemer Group Inc. now owns 6,840 shares of the technology company’s stock valued at $2,906,000 after buying an additional 1,935 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Tyler Technologies by 7.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 46,724 shares of the technology company’s stock valued at $19,858,000 after buying an additional 3,198 shares during the last quarter. Natixis lifted its position in shares of Tyler Technologies by 114.0% during the first quarter. Natixis now owns 2,253 shares of the technology company’s stock valued at $958,000 after buying an additional 1,200 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Tyler Technologies by 143.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,794 shares of the technology company’s stock valued at $762,000 after buying an additional 1,058 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Tyler Technologies by 64.8% during 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 last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at $7,014,291.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total value of $3,786,375.00. Following the sale, the chief executive officer now owns 75,000 shares of the company’s stock, valued at approximately $45,436,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares in the company, valued at $7,014,291.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,100 shares of company stock valued at $17,746,270 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TYL. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Barclays increased their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. BTIG Research increased their price objective on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird increased their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $642.62.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $623.22 on Monday. The stock has a market capitalization of $26.67 billion, a price-to-earnings ratio of 113.73, a PEG ratio of 5.62 and a beta of 0.77. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $631.43. The firm’s 50 day simple moving average is $590.93 and its 200-day simple moving average is $542.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The business’s revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $1.66 EPS. Analysts expect that Tyler Technologies, Inc. will post 7.39 EPS for the current year.

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.