75 Shares in Tyler Technologies, Inc. (NYSE:TYL) Bought by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 75 shares of the technology company’s stock, valued at approximately $31,000.

Several other hedge funds and other institutional investors have also modified their holdings of TYL. American Century Companies Inc. raised its holdings in Tyler Technologies by 13.1% during the first quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock valued at $591,000 after buying an additional 154 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Tyler Technologies by 69.1% during the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock valued at $1,082,000 after buying an additional 993 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Tyler Technologies by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock valued at $2,439,000 after buying an additional 340 shares in the last quarter. Raymond James Trust N.A. raised its holdings in Tyler Technologies by 4.3% during the first quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock valued at $466,000 after buying an additional 43 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Tyler Technologies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after buying an additional 934 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $427.82, for a total transaction of $2,780,830.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,738,048. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Tyler Technologies news, Director Glenn A. Carter sold 1,650 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $437.84, for a total transaction of $722,436.00. Following the sale, the director now directly owns 2,011 shares of the company’s stock, valued at $880,496.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $427.82, for a total value of $2,780,830.00. Following the sale, the insider now directly owns 6,400 shares in the company, valued at $2,738,048. The disclosure for this sale can be found here. Insiders have sold a total of 50,608 shares of company stock valued at $21,974,819 over the last three months. 2.20% of the stock is owned by corporate insiders.

Tyler Technologies Stock Up 0.1 %

TYL stock opened at $403.35 on Friday. Tyler Technologies, Inc. has a twelve month low of $361.16 and a twelve month high of $454.74. The company has a market cap of $17.12 billion, a PE ratio of 103.69, a price-to-earnings-growth ratio of 3.97 and a beta of 0.81. The business’s 50-day simple moving average is $423.44 and its 200 day simple moving average is $413.86. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.20.

Tyler Technologies (NYSE:TYL) last released its earnings results on Wednesday, February 14th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Tyler Technologies had a return on equity of 8.85% and a net margin of 8.50%. The business had revenue of $480.94 million for the quarter, compared to the consensus estimate of $483.34 million. On average, research analysts anticipate that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised their target price on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC raised their target price on Tyler Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Piper Sandler raised their target price on Tyler Technologies from $480.00 to $520.00 and gave the company an “overweight” rating in a report on Friday, February 16th. DA Davidson raised their price target on Tyler Technologies from $412.00 to $434.00 and gave the company a “neutral” rating in a research report on Thursday, February 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $490.00 price target on shares of Tyler Technologies in a research report on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $460.46.

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.