Baader Bank Aktiengesellschaft Has $814,000 Stake in Tyler Technologies, Inc. (NYSE:TYL)

Baader Bank Aktiengesellschaft grew its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 59.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,412 shares of the technology company’s stock after purchasing an additional 524 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Tyler Technologies were worth $814,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB grew its position in Tyler Technologies by 1.7% in the 4th quarter. Swedbank AB now owns 459,850 shares of the technology company’s stock worth $265,168,000 after purchasing an additional 7,838 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of Tyler Technologies by 41.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 60,130 shares of the technology company’s stock valued at $34,673,000 after buying an additional 17,680 shares in the last quarter. R Squared Ltd purchased a new stake in Tyler Technologies in the 4th quarter worth approximately $582,000. Perigon Wealth Management LLC lifted its stake in Tyler Technologies by 22.8% in the 4th quarter. Perigon Wealth Management LLC now owns 888 shares of the technology company’s stock worth $511,000 after purchasing an additional 165 shares in the last quarter. Finally, Greenup Street Wealth Management LLC purchased a new stake in Tyler Technologies in the 4th quarter worth approximately $5,150,000. 93.30% of the stock is owned by institutional investors.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $608.09 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a fifty day moving average price of $598.59 and a 200 day moving average price of $588.22. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $638.56. The company has a market cap of $26.03 billion, a PE ratio of 110.97, a P/E/G ratio of 4.55 and a beta of 0.78.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 3,250 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $47,355,750. The trade was a 4.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brian K. Miller sold 3,000 shares of Tyler Technologies stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total value of $1,808,160.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at $7,202,504. This represents a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,252 shares of company stock valued at $26,096,928 over the last three months. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on TYL shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. DA Davidson raised their target price on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. Truist Financial reissued a “buy” rating and set a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $700.00 target price on shares of Tyler Technologies in a research note on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $643.77.

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.