Tyler Technologies, Inc. (NYSE:TYL) Shares Sold by Empire Life Investments Inc.

Empire Life Investments Inc. lessened its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL) by 8.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 54,751 shares of the technology company’s stock after selling 4,939 shares during the period. Tyler Technologies accounts for 2.0% of Empire Life Investments Inc.’s investment portfolio, making the stock its 13th biggest holding. Empire Life Investments Inc.’s holdings in Tyler Technologies were worth $31,572,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Oak Thistle LLC grew its stake in Tyler Technologies by 213.7% during the 4th quarter. Oak Thistle LLC now owns 2,328 shares of the technology company’s stock worth $1,342,000 after buying an additional 1,586 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Tyler Technologies in the 3rd quarter valued at approximately $1,309,000. Maiden Cove Capital LLC purchased a new position in shares of Tyler Technologies in the 3rd quarter valued at approximately $583,000. Assetmark Inc. grew its stake in shares of Tyler Technologies by 9.4% in the 3rd quarter. Assetmark Inc. now owns 9,910 shares of the technology company’s stock valued at $5,785,000 after purchasing an additional 854 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Tyler Technologies in the third quarter valued at approximately $569,000. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Tyler Technologies Price Performance

Shares of NYSE TYL opened at $642.39 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.21 and a quick ratio of 1.21. Tyler Technologies, Inc. has a 1-year low of $397.80 and a 1-year high of $661.31. The business has a 50-day moving average of $596.21 and a 200-day moving average of $594.15. The company has a market capitalization of $27.49 billion, a price-to-earnings ratio of 117.22, a PEG ratio of 4.78 and a beta of 0.78.

Tyler Technologies (NYSE:TYL) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 EPS for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. On average, equities analysts anticipate that Tyler Technologies, Inc. will post 7.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on TYL shares. JMP Securities lifted their price objective on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. DA Davidson reiterated a “neutral” rating and issued a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. Barclays upped their target price on Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a research note on Friday. Robert W. Baird boosted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Oppenheimer boosted their price target on Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Tyler Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $656.92.

Insider Buying and Selling at Tyler Technologies

In other news, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,285,187.78. This represents a 63.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian K. Miller sold 2,500 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $632.01, for a total value of $1,580,025.00. Following the sale, the chief financial officer now owns 12,198 shares in the company, valued at $7,709,257.98. The trade was a 17.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock worth $18,941,368 over the last quarter. 2.20% of the stock is owned by corporate insiders.

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.