Farringdon Capital Ltd. Takes $599,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

Farringdon Capital Ltd. acquired a new stake in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,038 shares of the technology company’s stock, valued at approximately $599,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Marshall Wace LLP raised its holdings in shares of Tyler Technologies by 897.6% in the fourth quarter. Marshall Wace LLP now owns 112,210 shares of the technology company’s stock worth $64,705,000 after buying an additional 100,962 shares during the last quarter. Wasatch Advisors LP grew its stake in Tyler Technologies by 3.0% during the 4th quarter. Wasatch Advisors LP now owns 2,154 shares of the technology company’s stock valued at $1,242,000 after purchasing an additional 62 shares during the last quarter. Jump Financial LLC increased its holdings in shares of Tyler Technologies by 18.5% in the fourth quarter. Jump Financial LLC now owns 11,591 shares of the technology company’s stock valued at $6,684,000 after purchasing an additional 1,811 shares during the period. Canada Post Corp Registered Pension Plan acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $519,000. Finally, XTX Topco Ltd boosted its position in Tyler Technologies by 50.9% in the fourth quarter. XTX Topco Ltd now owns 1,059 shares of the technology company’s stock valued at $611,000 after buying an additional 357 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays cut their price target on Tyler Technologies from $715.00 to $700.00 and set an “overweight” rating on the stock in a research report on Monday. StockNews.com cut shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, April 11th. Piper Sandler raised their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group lifted 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, Wells Fargo & Company reiterated an “equal weight” rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $675.00.

Insider Activity

In related news, CFO Brian K. Miller sold 1,550 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now owns 75,734 shares of the company’s stock, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,064 shares of company stock worth $8,688,030. Corporate insiders own 2.20% of the company’s stock.

Tyler Technologies Trading Up 0.2 %

Shares of NYSE TYL opened at $570.61 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $24.60 billion, a PE ratio of 94.16, a PEG ratio of 4.93 and a beta of 0.84. The stock has a fifty day simple moving average of $587.73 and a 200-day simple moving average of $595.26. Tyler Technologies, Inc. has a twelve month low of $399.77 and a twelve month high of $661.31.

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

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.