Mackenzie Financial Corp Acquires 173 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Mackenzie Financial Corp grew its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 7.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,619 shares of the technology company’s stock after acquiring an additional 173 shares during the quarter. Mackenzie Financial Corp’s holdings in Tyler Technologies were worth $1,095,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Chilton Capital Management LLC bought a new stake in shares of Tyler Technologies in the fourth quarter worth about $52,000. Column Capital Advisors LLC grew its holdings in shares of Tyler Technologies by 50.5% during the third quarter. Column Capital Advisors LLC now owns 146 shares of the technology company’s stock worth $56,000 after buying an additional 49 shares in the last quarter. Headinvest LLC bought a new position in shares of Tyler Technologies during the third quarter worth about $78,000. AdvisorNet Financial Inc grew its holdings in shares of Tyler Technologies by 6,700.0% during the fourth quarter. AdvisorNet Financial Inc now owns 272 shares of the technology company’s stock worth $114,000 after buying an additional 268 shares in the last quarter. Finally, Ramirez Asset Management Inc. bought a new position in shares of Tyler Technologies during the third quarter worth about $116,000. 93.30% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TYL has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and set a $490.00 price objective on shares of Tyler Technologies in a report on Friday, February 16th. Needham & Company LLC increased their price objective on Tyler Technologies from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Tyler Technologies in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Tyler Technologies from $500.00 to $526.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Finally, DA Davidson increased 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. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $460.46.

Tyler Technologies Stock Performance

TYL opened at $419.00 on Thursday. Tyler Technologies, Inc. has a 12-month low of $361.16 and a 12-month high of $454.74. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 107.71, a PEG ratio of 4.12 and a beta of 0.81. The business has a 50 day moving average of $422.70 and a 200-day moving average of $414.49. 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 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 return on equity of 8.85% and a net margin of 8.50%. The company had revenue of $480.94 million during the quarter, compared to analysts’ expectations of $483.34 million. On average, equities research analysts expect that Tyler Technologies, Inc. will post 6.77 earnings per share for the current year.

Insider Activity

In other news, CEO H Lynn Moore, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total value of $4,359,800.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at $32,698,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO H Lynn Moore, Jr. sold 10,000 shares of Tyler Technologies stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $435.98, for a total transaction of $4,359,800.00. Following the completion of the sale, the chief executive officer now directly owns 75,000 shares of the company’s stock, valued at approximately $32,698,500. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider John S. Marr, Jr. sold 6,500 shares of Tyler Technologies stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $437.49, for a total value of $2,843,685.00. Following the sale, the insider now directly owns 6,400 shares of the company’s stock, valued at $2,799,936. The disclosure for this sale can be found here. Insiders sold a total of 50,608 shares of company stock valued at $21,974,819 over the last three months. Insiders own 2.20% of the company’s stock.

Tyler Technologies Profile

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.