Canada Post Corp Registered Pension Plan Buys Shares of 900 Tyler Technologies, Inc. (NYSE:TYL)

Canada Post Corp Registered Pension Plan acquired a new position in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 900 shares of the technology company's stock, valued at approximately $519,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TYL. Oregon Public Employees Retirement Fund lifted its holdings in shares of Tyler Technologies by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company's stock valued at $2,115,000 after purchasing an additional 20 shares in the last quarter. Kensington Investment Counsel LLC lifted its stake in Tyler Technologies by 0.8% in the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company's stock valued at $1,439,000 after acquiring an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company's stock worth $78,000 after acquiring an additional 21 shares during the last quarter. Baron Wealth Management LLC grew its stake in shares of Tyler Technologies by 1.5% during the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company's stock worth $857,000 after acquiring an additional 22 shares in the last quarter. Finally, Choreo LLC raised its holdings in shares of Tyler Technologies by 3.9% in the fourth quarter. Choreo LLC now owns 647 shares of the technology company's stock valued at $374,000 after purchasing an additional 24 shares during the last quarter. 93.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tyler Technologies

In related 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 transaction, the chief executive officer now owns 75,734 shares in the company, valued at approximately $46,772,561.06. This trade represents a 7.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian K. Miller sold 1,550 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $613.58, for a total transaction of $951,049.00. Following the sale, the chief financial officer now directly owns 14,026 shares of the company's stock, valued at $8,606,073.08. This represents a 9.95 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,064 shares of company stock valued at $8,688,030. 1.10% of the stock is currently owned by company insiders.

Tyler Technologies Stock Performance

Shares of NYSE TYL traded down $11.83 during trading hours on Monday, reaching $558.38. 27,716 shares of the stock were exchanged, compared to its average volume of 252,205. The stock's fifty day simple moving average is $586.11 and its 200 day simple moving average is $595.29. The firm has a market capitalization of $24.07 billion, a price-to-earnings ratio of 92.14, a P/E/G ratio of 4.93 and a beta of 0.84. Tyler Technologies, Inc. has a 52 week low of $403.65 and a 52 week high of $661.31. 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 posted its earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share 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%. Sell-side analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Barclays lowered their price target on Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. DA Davidson reissued a "neutral" rating and issued a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday, April 11th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $700.00 price objective on shares of Tyler Technologies in a research report on Tuesday, January 21st. Four analysts have rated the stock with a hold rating and ten have given 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 $675.00.

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.