Park Place Capital Corp Has $196,000 Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Park Place Capital Corp trimmed its position in Tyler Technologies, Inc. (NYSE:TYL) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 462 shares of the technology company’s stock after selling 153 shares during the period. Park Place Capital Corp’s holdings in Tyler Technologies were worth $196,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of TYL. Kapitalo Investimentos Ltda acquired a new stake in shares of Tyler Technologies during the fourth quarter worth about $26,000. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Tyler Technologies in the 4th quarter valued at $31,000. Headlands Technologies LLC acquired a new stake in shares of Tyler Technologies in the 4th quarter valued at about $40,000. Lindbrook Capital LLC boosted its position in shares of Tyler Technologies by 50.6% during the fourth quarter. Lindbrook Capital LLC now owns 116 shares of the technology company’s stock worth $49,000 after buying an additional 39 shares during the period. Finally, Chilton Capital Management LLC acquired a new stake in Tyler Technologies in the 4th quarter valued at approximately $52,000. Institutional investors own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

TYL traded down $3.26 during trading on Monday, hitting $499.52. The stock had a trading volume of 220,392 shares, compared to its average volume of 222,143. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.94 and a quick ratio of 0.94. The company has a 50 day moving average price of $476.60 and a 200-day moving average price of $441.80. Tyler Technologies, Inc. has a one year low of $361.16 and a one year high of $506.07. The firm has a market cap of $21.21 billion, a price-to-earnings ratio of 112.34, a P/E/G ratio of 4.72 and a beta of 0.76.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, April 24th. The technology company reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.26. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $512.36 million during the quarter, compared to analysts’ expectations of $507.79 million. As a group, research analysts predict that Tyler Technologies, Inc. will post 7.1 EPS for the current year.

Insider Transactions at Tyler Technologies

In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of Tyler Technologies stock in a transaction on Monday, April 29th. The stock was sold at an average price of $458.83, for a total value of $2,294,150.00. Following the completion of the transaction, the director now directly owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Tyler Technologies news, Director Brenda A. Cline sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $458.83, for a total value of $2,294,150.00. Following the transaction, the director now directly owns 1,358 shares of the company’s stock, valued at approximately $623,091.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 2,671 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $465.03, for a total transaction of $1,242,095.13. Following the sale, the chief financial officer now directly owns 13,536 shares of the company’s stock, valued at approximately $6,294,646.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,241 shares of company stock valued at $12,495,890. 1.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TYL has been the topic of several analyst reports. BTIG Research upped their target price on Tyler Technologies from $515.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Truist Financial reissued a “buy” rating and issued a $560.00 price objective (up previously from $510.00) on shares of Tyler Technologies in a research report on Thursday, May 23rd. Needham & Company LLC upped their target price on shares of Tyler Technologies from $500.00 to $600.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Oppenheimer boosted their price target on Tyler Technologies from $500.00 to $550.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price objective on shares of Tyler Technologies in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $519.09.

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.