Aigen Investment Management LP Buys Shares of 2,242 Tyler Technologies, Inc. (NYSE:TYL)

Aigen Investment Management LP purchased a new position in Tyler Technologies, Inc. (NYSE:TYL) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,242 shares of the technology company’s stock, valued at approximately $1,309,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC purchased a new position in shares of Tyler Technologies in the 3rd quarter worth approximately $27,000. Independence Bank of Kentucky acquired a new position in shares of Tyler Technologies during the second quarter valued at about $25,000. Covestor Ltd raised its position in shares of Tyler Technologies by 153.6% in the 1st quarter. Covestor Ltd now owns 71 shares of the technology company’s stock valued at $30,000 after purchasing an additional 43 shares during the last quarter. Blue Trust Inc. boosted its stake in Tyler Technologies by 329.4% in the 2nd quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Finally, Lynx Investment Advisory purchased a new stake in Tyler Technologies during the 2nd quarter worth approximately $38,000. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $586.97, for a total value of $1,467,425.00. Following the sale, the chief financial officer now owns 11,950 shares in the company, valued at $7,014,291.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 5,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $576.62, for a total value of $2,883,100.00. Following the transaction, the chief executive officer now owns 75,000 shares of the company’s stock, valued at $43,246,500. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 2,500 shares of Tyler Technologies stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $586.97, for a total transaction of $1,467,425.00. Following the sale, the chief financial officer now owns 11,950 shares of the company’s stock, valued at approximately $7,014,291.50. This 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 30,100 shares of company stock valued at $17,746,270. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies Price Performance

Shares of TYL stock traded up $3.80 during mid-day trading on Tuesday, hitting $617.03. 3,571 shares of the stock were exchanged, compared to its average volume of 228,591. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $631.43. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The company has a market cap of $26.41 billion, a PE ratio of 111.88, a price-to-earnings-growth ratio of 5.62 and a beta of 0.77. The firm has a fifty day moving average of $591.43 and a 200 day moving average of $543.44.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. The company had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. Tyler Technologies’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.66 earnings per share. Research analysts anticipate that Tyler Technologies, Inc. will post 7.39 earnings per share for the current year.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $627.00 price target on shares of Tyler Technologies in a report on Friday, September 13th. Piper Sandler lifted their price target on Tyler Technologies from $625.00 to $701.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Oppenheimer increased their price objective on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JMP Securities lifted their target price on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Finally, DA Davidson increased their price target on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $642.62.

About Tyler Technologies

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.