616 Shares in Tyler Technologies, Inc. (NYSE:TYL) Purchased by Paragon Capital Management Inc.

Paragon Capital Management Inc. bought a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 616 shares of the technology company’s stock, valued at approximately $355,000.

Several other large investors also recently added to or reduced their stakes in TYL. International Assets Investment Management LLC raised its holdings in shares of Tyler Technologies by 252,047.5% in the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock valued at $179,564,000 after acquiring an additional 307,498 shares in the last quarter. JPMorgan Chase & Co. increased its position in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after purchasing an additional 275,511 shares during the period. Seilern Investment Management Ltd bought a new position in shares of Tyler Technologies during the fourth quarter valued at approximately $105,549,000. FMR LLC increased its holdings in Tyler Technologies by 94.1% during the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock valued at $63,812,000 after buying an additional 52,984 shares during the period. Finally, Westwind Capital raised its stake in Tyler Technologies by 7,614.0% in the third quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock worth $27,062,000 after buying an additional 45,760 shares in the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TYL has been the subject of several recent research reports. Barclays boosted their price target on Tyler Technologies from $700.00 to $705.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price target on shares of Tyler Technologies in a research report on Tuesday, January 21st. Truist Financial reissued a “buy” rating and issued a $685.00 price objective (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Finally, DA Davidson reissued a “neutral” rating and set a $575.00 price target on shares of Tyler Technologies in a research report on Thursday, January 30th. Four 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 has a consensus rating of “Moderate Buy” and a consensus target price of $645.69.

Tyler Technologies Stock Up 1.0 %

Tyler Technologies stock opened at $608.89 on Wednesday. The stock has a market capitalization of $26.06 billion, a PE ratio of 111.11, a price-to-earnings-growth ratio of 4.67 and a beta of 0.78. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $638.56. The business has a 50 day simple moving average of $597.54 and a 200-day simple moving average of $590.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21.

Insider Activity

In other news, insider John S. Marr, Jr. sold 12,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total value of $7,363,920.00. Following the transaction, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brian K. Miller sold 6,752 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $613.75, for a total value of $4,144,040.00. Following the completion of the sale, the chief financial officer now owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This trade represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,002 shares of company stock worth $20,502,393 over the last three months. 1.50% of the stock is currently owned by corporate insiders.

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.