AXQ Capital LP Invests $272,000 in Tyler Technologies, Inc. (NYSE:TYL)

AXQ Capital LP bought a new position in Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 471 shares of the technology company’s stock, valued at approximately $272,000.

Several other hedge funds also recently made changes to their positions in TYL. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $569,000. PNC Financial Services Group Inc. grew its position in shares of Tyler Technologies by 10.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,369 shares of the technology company’s stock worth $6,053,000 after acquiring an additional 993 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in shares of Tyler Technologies in the 3rd quarter worth approximately $206,000. Meridian Wealth Management LLC bought a new stake in shares of Tyler Technologies in the 3rd quarter worth approximately $442,000. Finally, Cerity Partners LLC lifted its holdings in shares of Tyler Technologies by 60.6% in the 3rd quarter. Cerity Partners LLC now owns 3,847 shares of the technology company’s stock worth $2,246,000 after purchasing an additional 1,451 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Down 0.4 %

Shares of Tyler Technologies stock opened at $566.56 on Monday. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.35 and a quick ratio of 1.21. The business’s fifty day moving average price is $598.88 and its two-hundred day moving average price is $598.02. The company has a market capitalization of $24.42 billion, a P/E ratio of 93.49, a PEG ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. As a group, research analysts forecast that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

TYL has been the topic of several recent research reports. DA Davidson reissued a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. StockNews.com downgraded Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Barclays raised their price target on Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. The Goldman Sachs Group raised their price target on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $676.25.

Insider Transactions at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now owns 75,734 shares of the company’s stock, valued at approximately $46,772,561.06. The trade was a 7.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,064 shares of company stock valued at $8,688,030. Corporate insiders own 2.20% of the company’s stock.

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.