Chicago Capital LLC Purchases 10,505 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Chicago Capital LLC grew its position in Tyler Technologies, Inc. (NYSE:TYL) by 40.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,343 shares of the technology company’s stock after buying an additional 10,505 shares during the quarter. Chicago Capital LLC owned 0.09% of Tyler Technologies worth $21,214,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TYL. Friedenthal Financial purchased a new stake in Tyler Technologies in the third quarter worth about $750,000. Blue Trust Inc. lifted its position in shares of Tyler Technologies by 432.9% in the 3rd quarter. Blue Trust Inc. now owns 389 shares of the technology company’s stock worth $227,000 after purchasing an additional 316 shares during the period. Net Worth Advisory Group bought a new position in shares of Tyler Technologies during the third quarter valued at approximately $375,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Tyler Technologies by 12.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,384 shares of the technology company’s stock valued at $2,559,000 after buying an additional 502 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in Tyler Technologies by 2.6% in the third quarter. Bleakley Financial Group LLC now owns 2,123 shares of the technology company’s stock worth $1,239,000 after buying an additional 54 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TYL shares. BTIG Research lifted their price target on Tyler Technologies from $550.00 to $630.00 and gave the company a “buy” rating in a report on Friday, July 26th. JMP Securities boosted their target price on shares of Tyler Technologies from $490.00 to $580.00 and gave the stock a “market outperform” rating in a report on Monday, July 22nd. Piper Sandler raised their price target on shares of Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a report on Friday, July 26th. DA Davidson boosted their price objective on shares of Tyler Technologies from $525.00 to $550.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Oppenheimer raised their target price on shares of Tyler Technologies from $550.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $593.69.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares of the company’s stock, valued at $4,042,738.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $576.49, for a total transaction of $3,603,062.50. Following the completion of the transaction, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $43,236,750. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John S. Marr, Jr. sold 5,000 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $578.94, for a total transaction of $2,894,700.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $4,042,738.02. 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 worth $17,049,739. Insiders own 2.20% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $588.43 on Friday. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $606.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.19. The firm has a market cap of $24.98 billion, a P/E ratio of 133.13, a P/E/G ratio of 5.55 and a beta of 0.78. The business’s 50 day moving average price is $583.57 and its 200 day moving average price is $521.21.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. The firm had revenue of $540.98 million for the quarter, compared to analyst estimates of $541.01 million. Tyler Technologies had a net margin of 10.24% and a return on equity of 9.66%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.53 earnings per share. On average, sell-side analysts expect that Tyler Technologies, Inc. will post 7.21 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.