Tyler Technologies, Inc. (NYSE:TYL) Shares Purchased by Aviva PLC

Aviva PLC lifted its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 482.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,672 shares of the technology company's stock after purchasing an additional 21,261 shares during the quarter. Aviva PLC owned 0.06% of Tyler Technologies worth $14,804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TYL. Norges Bank bought a new position in shares of Tyler Technologies during the 4th quarter worth about $528,465,000. Van ECK Associates Corp boosted its holdings in Tyler Technologies by 1,991.8% during the fourth quarter. Van ECK Associates Corp now owns 550,580 shares of the technology company's stock valued at $317,486,000 after purchasing an additional 524,259 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Tyler Technologies in the 4th quarter valued at approximately $159,947,000. JPMorgan Chase & Co. raised its holdings in shares of Tyler Technologies by 148.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock worth $269,369,000 after buying an additional 275,511 shares in the last quarter. Finally, Seilern Investment Management Ltd bought a new position in shares of Tyler Technologies during the 4th quarter worth approximately $105,549,000. 93.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction dated 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 transaction, the insider now directly owns 6,983 shares in the company, valued at $4,322,477. The trade was a 46.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the transaction, the chief financial officer now owns 14,026 shares of the company's stock, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,064 shares of company stock valued at $8,688,030. Corporate insiders own 2.20% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms have issued reports on TYL. Barclays increased their price objective on Tyler Technologies from $705.00 to $715.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Wells Fargo & Company reissued an "equal weight" rating and issued a $615.00 target price (down from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Truist Financial reaffirmed a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Piper Sandler boosted their price objective on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, DA Davidson restated a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies Stock Performance

NYSE TYL traded up $10.83 during trading on Friday, hitting $568.42. 209,332 shares of the company's stock traded hands, compared to its average volume of 253,686. The stock has a market capitalization of $24.50 billion, a price-to-earnings ratio of 93.80, a PEG ratio of 4.93 and a beta of 0.84. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35. The business has a 50 day moving average of $590.08 and a 200-day moving average of $595.60. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $661.31.

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

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.