Royal London Asset Management Ltd. Buys 3,012 Shares of Tyler Technologies, Inc. (NYSE:TYL)

Royal London Asset Management Ltd. boosted its holdings in Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 15.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,928 shares of the technology company's stock after acquiring an additional 3,012 shares during the quarter. Royal London Asset Management Ltd. owned 0.05% of Tyler Technologies worth $12,645,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TYL. Larson Financial Group LLC lifted its holdings in shares of Tyler Technologies by 221.4% during the fourth quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after purchasing an additional 31 shares in the last quarter. Sierra Ocean LLC bought a new position in Tyler Technologies during the 4th quarter valued at about $32,000. OFI Invest Asset Management purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at about $41,000. Smithfield Trust Co grew its stake in shares of Tyler Technologies by 55.6% in the fourth 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. Finally, Private Trust Co. NA grew its stake in shares of Tyler Technologies by 51.8% in the fourth quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock worth $49,000 after acquiring an additional 29 shares during the period. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Price Performance

Shares of TYL traded down $2.77 during mid-day trading on Wednesday, reaching $577.53. The stock had a trading volume of 206,013 shares, compared to its average volume of 260,370. The firm has a market cap of $24.89 billion, a price-to-earnings ratio of 95.30, a PEG ratio of 4.93 and a beta of 0.80. Tyler Technologies, Inc. has a 12 month low of $397.80 and a 12 month high of $661.31. The business has a fifty day moving average of $599.38 and a 200 day moving average of $597.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

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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%. Equities analysts predict that Tyler Technologies, Inc. will post 8.52 EPS for the current year.

Insider Buying and Selling

In other Tyler Technologies news, insider John S. Marr, Jr. sold 6,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were 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 in the company, valued at $4,322,477. The trade was a 46.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the transaction, the chief executive officer now directly owns 75,734 shares of the company's stock, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,064 shares of company stock valued at $8,688,030. Corporate insiders own 2.20% of the company's stock.

Analysts Set New Price Targets

TYL has been the topic of several research reports. StockNews.com cut shares of Tyler Technologies from a "buy" rating to a "hold" rating in a report on Monday, February 24th. Piper Sandler raised their price target on Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. DA Davidson reiterated a "neutral" rating and set a $575.00 price objective on shares of Tyler Technologies in a research report on Thursday, January 30th. Needham & Company LLC reissued a "buy" rating and issued a $700.00 target price on shares of Tyler Technologies in a research report on Tuesday, January 21st. Finally, Truist Financial restated a "buy" rating and set a $775.00 price target (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $676.25.

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.