Argonautica Private Wealth Management Inc. Has $497,000 Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Argonautica Private Wealth Management Inc. lowered its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,188 shares of the technology company’s stock after selling 74 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in Tyler Technologies were worth $497,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Trust Asset Management LLC purchased a new position in Tyler Technologies during the fourth quarter valued at approximately $202,000. Centered Wealth LLC dba Miller Equity Capital Advisors grew its position in Tyler Technologies by 0.8% in the fourth quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock worth $1,639,000 after acquiring an additional 30 shares in the last quarter. Stevens Capital Management LP bought a new stake in Tyler Technologies in the fourth quarter worth approximately $483,000. Cross Staff Investments Inc bought a new stake in Tyler Technologies in the fourth quarter worth approximately $209,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in Tyler Technologies by 5.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,275 shares of the technology company’s stock worth $533,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Analyst Upgrades and Downgrades

TYL has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $500.00 target price on shares of Tyler Technologies in a research report on Thursday. Oppenheimer boosted their target price on shares of Tyler Technologies from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Tyler Technologies from $500.00 to $526.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $465.85.

Tyler Technologies Price Performance

Shares of TYL stock traded up $2.67 during mid-day trading on Friday, reaching $460.74. The company’s stock had a trading volume of 286,608 shares, compared to its average volume of 228,489. Tyler Technologies, Inc. has a 1-year low of $361.16 and a 1-year high of $465.78. The company has a market cap of $19.56 billion, a P/E ratio of 104.24, a PEG ratio of 4.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.86 and a current ratio of 0.94. The firm’s 50-day moving average is $423.02 and its two-hundred day moving average is $415.30.

Tyler Technologies (NYSE:TYL) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a net margin of 9.50% and a return on equity of 9.35%. The company had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. On average, research analysts predict that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO H Lynn Moore, Jr. sold 7,500 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $435.19, for a total transaction of $3,263,925.00. Following the completion of the sale, the chief executive officer now owns 75,000 shares in the company, valued at approximately $32,639,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $437.49, for a total transaction of $2,843,685.00. Following the sale, the insider now directly owns 6,400 shares in the company, valued at approximately $2,799,936. The disclosure for this sale can be found here. Insiders sold 50,608 shares of company stock worth $21,974,819 in the last quarter. 2.20% of the stock is 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.