CANADA LIFE ASSURANCE Co Has $15.43 Million Position in Tyler Technologies, Inc. (NYSE:TYL)

CANADA LIFE ASSURANCE Co lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 28.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,749 shares of the technology company's stock after purchasing an additional 5,920 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.06% of Tyler Technologies worth $15,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TYL. Larson Financial Group LLC increased its stake in shares of Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after buying an additional 31 shares during the period. Sierra Ocean LLC bought a new position in shares of Tyler Technologies in the 4th quarter valued at about $32,000. Brown Brothers Harriman & Co. raised its stake in shares of Tyler Technologies by 300.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 56 shares of the technology company's stock worth $32,000 after buying an additional 42 shares during the last quarter. OFI Invest Asset Management bought a new position in Tyler Technologies in the fourth quarter valued at approximately $41,000. Finally, Smithfield Trust Co grew its holdings in Tyler Technologies by 55.6% during the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock worth $48,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 93.30% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays cut their target price on Tyler Technologies from $700.00 to $695.00 and set an "overweight" rating on the stock in a research note on Friday. Wells Fargo & Company reduced their price target on shares of Tyler Technologies from $640.00 to $610.00 and set an "equal weight" rating for the company in a report on Tuesday. StockNews.com raised Tyler Technologies from a "hold" rating to a "buy" rating in a research report on Thursday. Piper Sandler cut their price objective on shares of Tyler Technologies from $747.00 to $708.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Robert W. Baird decreased their price objective on Tyler Technologies from $785.00 to $700.00 and set an "outperform" rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $675.08.

Insiders Place Their Bets

In other Tyler Technologies news, CEO H Lynn Moore, Jr. sold 6,514 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 6,000 shares of the company's 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 sale, the insider now owns 6,983 shares of the company's stock, valued at approximately $4,322,477. This represents a 46.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock worth $8,688,030 in the last 90 days. Company insiders own 1.10% of the company's stock.

Tyler Technologies Stock Performance

Shares of NYSE:TYL traded down $6.70 during trading on Friday, reaching $523.80. 543,628 shares of the stock were exchanged, compared to its average volume of 256,791. The firm has a market cap of $22.58 billion, a PE ratio of 86.44, a PEG ratio of 4.93 and a beta of 0.84. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. Tyler Technologies, Inc. has a 12 month low of $435.03 and a 12 month high of $661.31. The stock has a 50-day moving average price of $579.67 and a 200-day moving average price of $594.40.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.56 by $0.22. Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. The company had revenue of $562.43 million during the quarter, compared to the consensus estimate of $556.45 million. During the same quarter last year, the firm earned $2.20 earnings per share. Research analysts expect that Tyler Technologies, Inc. will post 8.52 EPS for the current fiscal year.

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.