Amica Mutual Insurance Co. Decreases Stake in Tyler Technologies, Inc. (NYSE:TYL)

Amica Mutual Insurance Co. reduced its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,894 shares of the technology company's stock after selling 542 shares during the quarter. Amica Mutual Insurance Co.'s holdings in Tyler Technologies were worth $5,129,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TYL. Larson Financial Group LLC increased its position in Tyler Technologies by 221.4% during the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock worth $26,000 after buying an additional 31 shares during the period. Sierra Ocean LLC acquired a new position in Tyler Technologies during the fourth quarter valued at approximately $32,000. OFI Invest Asset Management bought a new stake in Tyler Technologies during the fourth quarter worth $41,000. Smithfield Trust Co increased its stake in shares of Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock valued at $48,000 after purchasing an additional 30 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Tyler Technologies by 51.8% during the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock worth $49,000 after buying an additional 29 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Brian K. Miller sold 1,550 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. This trade represents a 9.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is owned by company insiders.

Remove Ads

Analyst Ratings Changes

TYL has been the subject of several research analyst reports. The Goldman Sachs Group boosted their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays upped their price target on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Needham & Company LLC reissued a "buy" rating and set a $700.00 target price on shares of Tyler Technologies in a report on Tuesday, January 21st. Truist Financial reissued a "buy" rating and issued a $775.00 price objective (up from $685.00) on shares of Tyler Technologies in a research report on Friday, February 14th. Finally, Piper Sandler upped their target price on Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, Tyler Technologies has a consensus rating of "Moderate Buy" and an average price target of $676.25.

Tyler Technologies Trading Down 1.5 %

Shares of NYSE TYL traded down $8.80 during trading hours on Monday, hitting $570.86. The company's stock had a trading volume of 111,792 shares, compared to its average volume of 256,729. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 94.20, a P/E/G ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The business has a 50-day simple moving average of $599.76 and a 200-day simple moving average of $597.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

Tyler Technologies (NYSE:TYL - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a net margin of 12.30% and a return on equity of 10.15%. On average, analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Tyler Technologies Company 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.