Jackson Square Capital LLC Grows Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Jackson Square Capital LLC grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,238 shares of the technology company’s stock after acquiring an additional 108 shares during the period. Jackson Square Capital LLC’s holdings in Tyler Technologies were worth $1,291,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Oak Thistle LLC raised its position in Tyler Technologies by 213.7% in the fourth quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock valued at $1,342,000 after purchasing an additional 1,586 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Tyler Technologies during the 3rd quarter valued at about $1,309,000. Maiden Cove Capital LLC acquired a new position in Tyler Technologies during the 3rd quarter worth approximately $583,000. Assetmark Inc. boosted its holdings in Tyler Technologies by 9.4% in the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock worth $5,785,000 after acquiring an additional 854 shares during the period. Finally, MBB Public Markets I LLC purchased a new position in Tyler Technologies in the 2nd quarter worth approximately $1,564,000. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Stock Performance

TYL stock opened at $569.18 on Friday. The stock’s 50 day simple moving average is $600.60 and its 200 day simple moving average is $583.59. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The firm has a market cap of $24.36 billion, a P/E ratio of 103.87, a P/E/G ratio of 4.35 and a beta of 0.78. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last issued its earnings results on Wednesday, October 23rd. The technology company reported $2.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.09. Tyler Technologies had a net margin of 11.39% and a return on equity of 9.79%. The company had revenue of $543.34 million for the quarter, compared to analysts’ expectations of $547.34 million. During the same period in the prior year, the company earned $1.66 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts predict that Tyler Technologies, Inc. will post 7.36 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TYL shares. Oppenheimer boosted their target price on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JMP Securities boosted their price objective on shares of Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. Robert W. Baird raised their target price on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Needham & Company LLC boosted their price target on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Barclays increased their price target on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $643.77.

Insiders Place Their Bets

In related news, insider John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $633.55, for a total value of $3,801,300.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at $4,424,079.65. This trade represents a 46.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the transaction, the chief financial officer now directly owns 11,950 shares of the company’s stock, valued at $7,202,504. The trade was a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,252 shares of company stock valued at $26,096,928 over the last quarter. Insiders own 1.50% of the company’s stock.

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.