Legal & General Group Plc Has $114.64 Million Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Legal & General Group Plc lowered its stake in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 27.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 198,812 shares of the technology company's stock after selling 77,050 shares during the period. Legal & General Group Plc owned approximately 0.46% of Tyler Technologies worth $114,643,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of TYL. Vanguard Group Inc. boosted its position in shares of Tyler Technologies by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 5,310,401 shares of the technology company's stock worth $3,062,190,000 after acquiring an additional 62,420 shares in the last quarter. Geode Capital Management LLC lifted its stake in Tyler Technologies by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,136,734 shares of the technology company's stock worth $654,406,000 after purchasing an additional 27,826 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Tyler Technologies by 7.9% in the 4th quarter. Franklin Resources Inc. now owns 984,615 shares of the technology company's stock valued at $567,768,000 after purchasing an additional 71,869 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Tyler Technologies by 3.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 939,373 shares of the technology company's stock valued at $541,680,000 after purchasing an additional 35,198 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Tyler Technologies during the 4th quarter worth $528,465,000. Institutional investors own 93.30% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $615.00 price objective (down from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Piper Sandler lifted their price target on shares of Tyler Technologies from $701.00 to $747.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Barclays dropped their price objective on shares of Tyler Technologies from $715.00 to $700.00 and set an "overweight" rating for the company in a research note on Monday. DA Davidson reaffirmed a "neutral" rating and set a $575.00 target price on shares of Tyler Technologies in a research note on Thursday, January 30th. Finally, The Goldman Sachs Group increased their price target on Tyler Technologies from $660.00 to $728.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Four equities research 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, Tyler Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $675.00.

Tyler Technologies Trading Down 0.4 %

TYL stock traded down $2.28 during trading on Wednesday, hitting $576.16. The company had a trading volume of 25,266 shares, compared to its average volume of 266,068. The stock has a market cap of $24.84 billion, a PE ratio of 95.08, a PEG ratio of 4.93 and a beta of 0.84. The business has a 50-day moving average of $588.47 and a 200-day moving average of $595.45. 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 one year low of $397.80 and a one year high of $661.31.

Tyler Technologies (NYSE:TYL - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (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%. Research analysts predict that Tyler Technologies, Inc. will post 8.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Tyler Technologies

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

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.