Pacer Advisors Inc. Increases Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Pacer Advisors Inc. boosted its position in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 346.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,096 shares of the technology company's stock after purchasing an additional 10,940 shares during the period. Pacer Advisors Inc.'s holdings in Tyler Technologies were worth $8,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Geode Capital Management LLC lifted its holdings in Tyler Technologies by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,108,908 shares of the technology company's stock valued at $645,585,000 after purchasing an additional 24,284 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Tyler Technologies by 2.0% during the 3rd quarter. Franklin Resources Inc. now owns 912,746 shares of the technology company's stock valued at $547,354,000 after buying an additional 17,943 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Tyler Technologies by 4.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 904,175 shares of the technology company's stock valued at $527,785,000 after buying an additional 36,066 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company's stock valued at $269,369,000 after acquiring an additional 275,511 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company's stock worth $179,564,000 after acquiring an additional 307,498 shares in the last quarter. 93.30% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Oppenheimer upped their price objective on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. StockNews.com lowered shares of Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Needham & Company LLC reissued a "buy" rating and issued a $700.00 price target on shares of Tyler Technologies in a report on Tuesday, January 21st. Finally, Barclays lifted their price objective on shares of Tyler Technologies from $700.00 to $705.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Tyler Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $645.69.

Tyler Technologies Trading Down 1.5 %

Shares of Tyler Technologies stock traded down $9.00 on Thursday, hitting $598.41. The stock had a trading volume of 259,998 shares, compared to its average volume of 225,518. The company has a quick ratio of 1.21, a current 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 $638.56. The stock's 50-day simple moving average is $598.59 and its two-hundred day simple moving average is $588.22. The stock has a market cap of $25.61 billion, a price-to-earnings ratio of 109.20, a PEG ratio of 4.55 and a beta of 0.78.

Insider Buying and Selling at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,250 shares of Tyler Technologies stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $605.82, for a total transaction of $3,786,375.00. Following the sale, the chief executive officer now owns 75,000 shares of the company's stock, valued at approximately $45,436,500. The trade was a 7.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brian K. Miller sold 3,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $602.72, for a total transaction of $1,808,160.00. Following the completion of the transaction, the chief financial officer now directly owns 11,950 shares of the company's stock, valued at approximately $7,202,504. The trade was a 20.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,252 shares of company stock valued at $26,096,928 in the last quarter. Company insiders own 2.20% of the company's stock.

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.