Machina Capital S.A.S. Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Machina Capital S.A.S. purchased a new stake in Tyler Technologies, Inc. (NYSE:TYL) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 382 shares of the technology company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TYL. Ashton Thomas Securities LLC acquired a new position in Tyler Technologies during the 3rd quarter valued at approximately $27,000. Sierra Ocean LLC acquired a new position in Tyler Technologies during the 4th quarter valued at approximately $32,000. Smithfield Trust Co boosted its position in Tyler Technologies by 55.6% during the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company’s stock valued at $48,000 after purchasing an additional 30 shares during the period. Private Trust Co. NA boosted its position in Tyler Technologies by 51.8% during the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company’s stock valued at $49,000 after purchasing an additional 29 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Tyler Technologies during the 4th quarter valued at approximately $61,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TYL shares. StockNews.com lowered Tyler Technologies from a “buy” rating to a “hold” rating in a research report on Monday, February 24th. The Goldman Sachs Group boosted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and set a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Stock Down 3.0 %

TYL opened at $589.02 on Monday. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The stock’s fifty day moving average is $599.93 and its 200-day moving average is $598.86. The company has a market capitalization of $25.34 billion, a PE ratio of 97.20, a P/E/G ratio of 4.93 and a beta of 0.80.

Tyler Technologies (NYSE:TYL) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

Insider Transactions at Tyler Technologies

In other news, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the sale, the chief financial officer now directly owns 11,918 shares of the company’s stock, valued at $7,314,672.50. The trade was a 36.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,816 shares of company stock valued at $9,118,070. Corporate insiders own 2.20% of the company’s stock.

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.