Bridgefront Capital LLC Takes $401,000 Position in Tyler Technologies, Inc. (NYSE:TYL)

Bridgefront Capital LLC bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 695 shares of the technology company’s stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Balyasny Asset Management L.P. purchased a new position in Tyler Technologies in the fourth quarter valued at $10,119,000. Benjamin Edwards Inc. boosted its stake in shares of Tyler Technologies by 1.5% in the 4th quarter. Benjamin Edwards Inc. now owns 1,526 shares of the technology company’s stock valued at $880,000 after buying an additional 22 shares during the period. BLI Banque de Luxembourg Investments acquired a new position in shares of Tyler Technologies during the fourth quarter worth about $18,106,000. Aptus Capital Advisors LLC increased its stake in shares of Tyler Technologies by 12.7% during the fourth quarter. Aptus Capital Advisors LLC now owns 18,204 shares of the technology company’s stock worth $10,497,000 after buying an additional 2,058 shares during the period. Finally, Wahed Invest LLC lifted its stake in Tyler Technologies by 5.2% in the fourth quarter. Wahed Invest LLC now owns 1,081 shares of the technology company’s stock worth $623,000 after acquiring an additional 53 shares during the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, Director Daniel M. Pope sold 365 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $550.00, for a total transaction of $200,750.00. Following the sale, the director now directly owns 2,853 shares in the company, valued at approximately $1,569,150. The trade was a 11.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $619.00, for a total transaction of $3,714,000.00. Following the completion of the transaction, the insider now owns 6,983 shares of the company’s stock, valued at $4,322,477. This represents a 46.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 14,429 shares of company stock worth $8,888,780 over the last 90 days. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TYL shares. DA Davidson decreased their price objective on shares of Tyler Technologies from $595.00 to $570.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Needham & Company LLC reiterated a “buy” rating and issued a $750.00 price objective on shares of Tyler Technologies in a report on Thursday, April 24th. Truist Financial reissued a “buy” rating and set a $775.00 price objective (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Robert W. Baird dropped their target price on shares of Tyler Technologies from $785.00 to $700.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Finally, StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $674.67.

Tyler Technologies Trading Up 0.7 %

NYSE:TYL opened at $553.12 on Wednesday. Tyler Technologies, Inc. has a 12-month low of $458.50 and a 12-month high of $661.31. 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’s 50 day simple moving average is $566.45 and its 200-day simple moving average is $591.47. The firm has a market cap of $23.85 billion, a P/E ratio of 91.27, a PEG ratio of 4.93 and a beta of 0.88.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.22. The company had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. Tyler Technologies’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.20 EPS. Equities analysts anticipate that Tyler Technologies, Inc. will post 8.52 EPS 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.