Empire Life Investments Inc. Sells 4,939 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Empire Life Investments Inc. lowered its holdings in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 8.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 largest holding. Empire Life Investments Inc. owned 0.13% of Tyler Technologies worth $31,572,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TYL. MassMutual Private Wealth & Trust FSB boosted its position in shares of Tyler Technologies by 18.4% in the fourth 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 boosted its position in shares of Tyler Technologies by 1.5% in the fourth 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 during the last quarter. Choreo LLC boosted its position in shares of Tyler Technologies by 3.9% in the fourth quarter. Choreo LLC now owns 647 shares of the technology company's stock worth $374,000 after acquiring an additional 24 shares during the last quarter. Oak Ridge Investments LLC boosted its position in shares of Tyler Technologies by 0.8% in the fourth quarter. Oak Ridge Investments LLC now owns 3,011 shares of the technology company's stock worth $1,736,000 after acquiring an additional 25 shares during the last quarter. Finally, Mather Group LLC. boosted its position in shares of Tyler Technologies by 9.0% in the fourth quarter. Mather Group LLC. now owns 315 shares of the technology company's stock worth $182,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on TYL shares. Truist Financial restated a "buy" rating and issued a $775.00 price target (up previously from $685.00) on shares of Tyler Technologies in a report on Friday, February 14th. Needham & Company LLC restated a "buy" rating and issued a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Wells Fargo & Company restated an "equal weight" rating and issued a $615.00 price target (down previously from $670.00) on shares of Tyler Technologies in a report on Tuesday, January 7th. Oppenheimer raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, The Goldman Sachs Group raised their price target on shares of Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $676.25.

Tyler Technologies Trading Up 0.6 %

TYL stock traded up $4.15 during mid-day trading on Wednesday, reaching $644.14. 172,007 shares of the stock traded hands, compared to its average volume of 244,916. The company has a market cap of $27.57 billion, a P/E ratio of 106.29, a P/E/G ratio of 5.01 and a beta of 0.78. Tyler Technologies, Inc. has a 52-week low of $397.80 and a 52-week high of $661.31. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The stock's fifty day moving average is $597.46 and its 200-day moving average is $595.78.

Tyler Technologies (NYSE:TYL - Get Free Report) last released its quarterly earnings data 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, sell-side analysts expect that Tyler Technologies, Inc. will post 8.54 earnings per share for the current year.

Insider Activity

In other Tyler Technologies news, CFO Brian K. Miller sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $632.01, for a total value of $1,580,025.00. Following the transaction, the chief financial officer now directly owns 12,198 shares of the company's stock, valued at approximately $7,709,257.98. This trade represents a 17.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John S. Marr, Jr. sold 12,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total transaction of $7,363,920.00. Following the completion of the sale, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. This represents a 63.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,502 shares of company stock valued at $18,941,368. 1.50% of the stock is owned by company 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.