Point72 Asia Singapore Pte. Ltd. Buys Shares of 3,125 Tyler Technologies, Inc. (NYSE:TYL)

Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,125 shares of the technology company’s stock, valued at approximately $1,824,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in Tyler Technologies by 64.8% during the first quarter. Tidal Investments LLC now owns 2,953 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 1,161 shares during the last quarter. SG Americas Securities LLC increased its stake in Tyler Technologies by 18.3% during the second quarter. SG Americas Securities LLC now owns 8,117 shares of the technology company’s stock valued at $4,081,000 after purchasing an additional 1,255 shares during the last quarter. Aigen Investment Management LP bought a new stake in Tyler Technologies during the third quarter valued at $1,309,000. Vaughan Nelson Investment Management L.P. increased its stake in Tyler Technologies by 21.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 123,253 shares of the technology company’s stock valued at $61,969,000 after purchasing an additional 21,818 shares during the last quarter. Finally, Swedbank AB bought a new stake in Tyler Technologies during the second quarter valued at $251,390,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

TYL stock opened at $629.17 on Monday. The company has a market capitalization of $26.93 billion, a P/E ratio of 114.81, a PEG ratio of 5.70 and a beta of 0.77. The company has a 50-day simple moving average of $600.16 and a 200 day simple moving average of $557.28. Tyler Technologies, Inc. has a fifty-two week low of $397.80 and a fifty-two week high of $637.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million during the quarter, compared to the consensus estimate of $547.34 million. During the same period in the prior year, the company earned $1.66 EPS. Tyler Technologies’s revenue was up 9.8% on a year-over-year basis. Sell-side analysts predict that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TYL shares. JMP Securities boosted their price target on shares of Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. Needham & Company LLC boosted their price target on shares of Tyler Technologies from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer boosted their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Piper Sandler boosted their price target on shares of Tyler Technologies from $625.00 to $701.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Barclays boosted their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Tyler Technologies has an average rating of “Moderate Buy” and an average target price of $642.62.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total value of $1,808,160.00. Following the completion of the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at approximately $7,202,504. This represents a 20.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,285,187.78. The trade was a 63.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 37,100 shares of company stock valued at $22,309,090. 2.20% of the stock is owned by insiders.

Tyler Technologies 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.