Stevens Capital Management LP Acquires Shares of 1,154 Tyler Technologies, Inc. (NYSE:TYL)

Stevens Capital Management LP acquired a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,154 shares of the technology company’s stock, valued at approximately $483,000.

Several other large investors also recently added to or reduced their stakes in the stock. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Tyler Technologies in the 4th quarter worth approximately $31,000. Lindbrook Capital LLC lifted its position in shares of Tyler Technologies by 50.6% in the 4th quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after purchasing an additional 39 shares during the period. Chilton Capital Management LLC purchased a new stake in shares of Tyler Technologies in the 4th quarter worth approximately $52,000. Column Capital Advisors LLC lifted its position in shares of Tyler Technologies by 50.5% in the 3rd quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after purchasing an additional 49 shares during the period. Finally, Headinvest LLC purchased a new stake in shares of Tyler Technologies in the 3rd quarter worth approximately $78,000. 93.30% of the stock is owned by hedge funds and other institutional investors.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded up $39.45 during midday trading on Thursday, reaching $458.45. The company’s stock had a trading volume of 503,041 shares, compared to its average volume of 210,935. The firm has a market capitalization of $19.46 billion, a PE ratio of 114.57, a P/E/G ratio of 4.12 and a beta of 0.81. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $464.81. The stock has a fifty day moving average of $422.28 and a 200 day moving average of $414.52. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $480.94 million for the quarter, compared to analyst estimates of $483.34 million. Tyler Technologies had a net margin of 8.50% and a return on equity of 8.85%. On average, equities analysts expect that Tyler Technologies, Inc. will post 6.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

TYL has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research report on Friday, February 16th. Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a research note on Wednesday. DA Davidson boosted their price objective on shares of Tyler Technologies from $412.00 to $434.00 and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $500.00 price objective on shares of Tyler Technologies in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $460.46.

Insider Transactions at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at $32,639,250. The disclosure for this sale can be found here. Insiders have sold 50,608 shares of company stock worth $21,974,819 over the last 90 days. 2.20% of the stock is currently owned by company 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.