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

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

Other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in Tyler Technologies by 18.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after buying an additional 21 shares during the last quarter. Baron Wealth Management LLC increased its position in Tyler Technologies by 1.5% in the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after buying an additional 22 shares during the last quarter. Oak Ridge Investments LLC lifted its position in shares of Tyler Technologies by 0.8% during the fourth quarter. Oak Ridge Investments LLC now owns 3,011 shares of the technology company’s stock worth $1,736,000 after acquiring an additional 25 shares in the last quarter. Mather Group LLC. lifted its position in shares of Tyler Technologies by 9.0% during the fourth quarter. Mather Group LLC. now owns 315 shares of the technology company’s stock worth $182,000 after acquiring an additional 26 shares in the last quarter. Finally, FWG Holdings LLC lifted its position in shares of Tyler Technologies by 3.1% during the third quarter. FWG Holdings LLC now owns 910 shares of the technology company’s stock worth $551,000 after acquiring an additional 27 shares in the last quarter. 93.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TYL has been the subject of several analyst reports. Barclays raised their price target on shares of Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Truist Financial reissued a “buy” rating and issued a $685.00 price target (up from $600.00) on shares of Tyler Technologies in a report on Friday, October 25th. Oppenheimer raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. StockNews.com downgraded shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, DA Davidson reissued a “neutral” rating and issued a $575.00 price target on shares of Tyler Technologies in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $645.69.

Insider Buying and Selling at Tyler Technologies

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 3,250 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total transaction of $2,052,082.50. Following the sale, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $47,355,750. This trade represents a 4.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of the business’s stock in a transaction on Friday, December 13th. The shares were 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 owns 11,918 shares of the company’s stock, valued at approximately $7,314,672.50. This represents a 36.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,002 shares of company stock worth $20,502,393. 1.50% of the stock is owned by insiders.

Tyler Technologies Price Performance

Shares of TYL stock opened at $608.89 on Wednesday. The stock has a market cap of $26.06 billion, a price-to-earnings ratio of 111.11, a PEG ratio of 4.67 and a beta of 0.78. The business’s fifty day moving average is $597.54 and its 200 day moving average is $590.85. Tyler Technologies, Inc. has a twelve month low of $397.80 and a twelve month high of $638.56. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18.

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.