Schonfeld Strategic Advisors LLC Purchases 618 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Schonfeld Strategic Advisors LLC grew its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 11.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,830 shares of the technology company’s stock after buying an additional 618 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Tyler Technologies were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TYL. Barclays PLC increased its holdings in Tyler Technologies by 2.5% during the 3rd quarter. Barclays PLC now owns 88,296 shares of the technology company’s stock valued at $51,543,000 after purchasing an additional 2,169 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Tyler Technologies during the third quarter worth $651,000. Tidal Investments LLC increased its stake in shares of Tyler Technologies by 11.2% in the third quarter. Tidal Investments LLC now owns 2,412 shares of the technology company’s stock valued at $1,408,000 after buying an additional 243 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Tyler Technologies by 2.0% in the third quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company’s stock valued at $547,354,000 after buying an additional 17,943 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock worth $269,369,000 after buying an additional 275,511 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was 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 directly owns 6,983 shares of the company’s stock, valued at approximately $4,322,477. This represents a 46.21 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 75,734 shares in the company, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,064 shares of company stock worth $8,688,030 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

Tyler Technologies Price Performance

Tyler Technologies stock opened at $550.47 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $23.74 billion, a P/E ratio of 90.84, a PEG ratio of 4.93 and a beta of 0.84. The business has a 50-day moving average of $568.83 and a 200-day moving average of $591.98. Tyler Technologies, Inc. has a 1 year low of $458.50 and a 1 year high of $661.31.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping 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 business 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. Tyler Technologies’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Upgrades and Downgrades

TYL has been the subject of several research reports. The Goldman Sachs Group raised their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Robert W. Baird dropped their price objective on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday. DA Davidson decreased their price target on Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Finally, Wells Fargo & Company dropped their price objective on Tyler Technologies from $640.00 to $610.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $674.67.

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.