Aigen Investment Management LP Invests $1.31 Million in Tyler Technologies, Inc. (NYSE:TYL)

Aigen Investment Management LP acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the third quarter, Holdings Channel reports. The firm acquired 2,242 shares of the technology company’s stock, valued at approximately $1,309,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Tyler Technologies by 1.1% during the first quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock worth $2,134,423,000 after acquiring an additional 53,005 shares during the period. APG Asset Management N.V. increased its holdings in shares of Tyler Technologies by 1.4% in the 2nd quarter. APG Asset Management N.V. now owns 1,507,062 shares of the technology company’s stock valued at $706,994,000 after acquiring an additional 20,842 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Tyler Technologies by 15.3% during the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock worth $226,501,000 after acquiring an additional 70,801 shares in the last quarter. Swedbank AB purchased a new stake in Tyler Technologies during the second quarter worth approximately $251,390,000. Finally, Blair William & Co. IL increased its stake in Tyler Technologies by 0.5% in the first quarter. Blair William & Co. IL now owns 463,612 shares of the technology company’s stock valued at $197,040,000 after purchasing an additional 2,134 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Tyler Technologies Price Performance

Shares of NYSE:TYL traded up $3.80 on Tuesday, hitting $617.03. The company had a trading volume of 3,571 shares, compared to its average volume of 228,591. The company has a market cap of $26.41 billion, a PE ratio of 111.88, a PEG ratio of 5.62 and a beta of 0.77. The business has a 50 day moving average of $591.43 and a 200 day moving average of $543.44. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $631.43. 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 released its quarterly 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. The company 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 firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the company earned $1.66 EPS. As a group, equities analysts anticipate that Tyler Technologies, Inc. will post 7.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 5,000 shares of Tyler Technologies stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total value of $2,894,700.00. Following the completion of the sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,042,738.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,250 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $45,436,500. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $578.94, for a total value of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,042,738.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 30,100 shares of company stock worth $17,746,270. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. StockNews.com raised Tyler Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday. Truist Financial reaffirmed a “buy” rating and set a $685.00 price target (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Barclays increased their price objective on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, DA Davidson increased their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $642.62.

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.