Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 85.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,217 shares of the technology company’s stock after purchasing an additional 1,948 shares during the quarter. AQR Capital Management LLC’s holdings in Tyler Technologies were worth $2,120,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TYL. Vanguard Group Inc. lifted its stake in shares of Tyler Technologies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 5,022,053 shares of the technology company’s stock worth $2,134,423,000 after acquiring an additional 53,005 shares during the period. Principal Financial Group Inc. raised its holdings in Tyler Technologies by 3.3% during the first quarter. Principal Financial Group Inc. now owns 1,309,715 shares of the technology company’s stock worth $556,642,000 after purchasing an additional 41,485 shares in the last quarter. Van ECK Associates Corp lifted its position in Tyler Technologies by 6.3% in the first quarter. Van ECK Associates Corp now owns 922,942 shares of the technology company’s stock valued at $392,259,000 after purchasing an additional 54,926 shares during the period. Janus Henderson Group PLC boosted its holdings in Tyler Technologies by 15.3% in the 1st quarter. Janus Henderson Group PLC now owns 532,935 shares of the technology company’s stock valued at $226,501,000 after purchasing an additional 70,801 shares in the last quarter. Finally, Swedbank AB acquired a new position in Tyler Technologies during the 2nd quarter worth approximately $251,390,000. 93.30% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on TYL. Evercore ISI raised Tyler Technologies to a “hold” rating in a report on Friday, July 26th. Piper Sandler raised their target price on Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a report on Friday, July 26th. JMP Securities upped their price target on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a research note on Monday, July 22nd. BTIG Research increased their price target on shares of Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Barclays raised shares of Tyler Technologies from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $577.00 to $700.00 in a report on Monday. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $591.77.

Insider Activity at Tyler Technologies

In other Tyler Technologies news, CFO Brian K. Miller sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $567.96, for a total transaction of $1,135,920.00. Following the sale, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $6,787,122. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO H Lynn Moore, Jr. sold 6,250 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $576.49, for a total value of $3,603,062.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $43,236,750. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 2,000 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $567.96, for a total value of $1,135,920.00. Following the transaction, the chief financial officer now owns 11,950 shares in the company, valued at $6,787,122. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 29,375 shares of company stock valued at $17,049,739. 2.20% of the stock is owned by insiders.

Tyler Technologies Stock Up 2.1 %

TYL stock opened at $593.75 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 1.06. The company’s 50 day simple moving average is $580.32 and its 200-day simple moving average is $512.20. Tyler Technologies, Inc. has a 12 month low of $361.16 and a 12 month high of $598.93. The firm has a market capitalization of $25.21 billion, a PE ratio of 134.33, a P/E/G ratio of 5.40 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.06. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The company had revenue of $540.98 million during the quarter, compared to the consensus estimate of $541.01 million. During the same quarter last year, the business posted $1.53 earnings per share. Tyler Technologies’s revenue was up 7.3% compared to the same quarter last year. Equities analysts expect that Tyler Technologies, Inc. will post 7.21 earnings per share for the current fiscal year.

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.