Northwest & Ethical Investments L.P. Increases Stock Holdings in Tyler Technologies, Inc. (NYSE:TYL)

Northwest & Ethical Investments L.P. lifted its stake in shares of Tyler Technologies, Inc. (NYSE:TYL - Free Report) by 731.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,727 shares of the technology company's stock after purchasing an additional 3,279 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Tyler Technologies were worth $2,149,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TYL. Larson Financial Group LLC raised its stake in Tyler Technologies by 221.4% in the 4th quarter. Larson Financial Group LLC now owns 45 shares of the technology company's stock valued at $26,000 after acquiring an additional 31 shares during the period. Sierra Ocean LLC bought a new stake in shares of Tyler Technologies in the fourth quarter valued at approximately $32,000. OFI Invest Asset Management purchased a new stake in shares of Tyler Technologies during the 4th quarter valued at approximately $41,000. Smithfield Trust Co boosted its holdings in Tyler Technologies by 55.6% in the 4th quarter. Smithfield Trust Co now owns 84 shares of the technology company's stock worth $48,000 after buying an additional 30 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Tyler Technologies by 51.8% in the 4th quarter. Private Trust Co. NA now owns 85 shares of the technology company's stock worth $49,000 after buying an additional 29 shares during the period. Hedge funds and other institutional investors own 93.30% of the company's stock.

Insider Activity at Tyler Technologies

In other news, CEO H Lynn Moore, Jr. sold 6,514 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $617.59, for a total transaction of $4,022,981.26. Following the completion of the sale, the chief executive officer now owns 75,734 shares of the company's stock, valued at approximately $46,772,561.06. This represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 14,026 shares in the company, valued at approximately $8,606,073.08. The trade was a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,064 shares of company stock worth $8,688,030 in the last ninety days. 2.20% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TYL shares. StockNews.com downgraded Tyler Technologies from a "buy" rating to a "hold" rating in a research report on Monday, February 24th. The Goldman Sachs Group raised their target price on Tyler Technologies from $660.00 to $728.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Barclays upped their price target on Tyler Technologies from $705.00 to $715.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Piper Sandler increased their target price on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. 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 report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $676.25.

Tyler Technologies Price Performance

Shares of TYL stock traded down $2.77 during trading hours on Wednesday, hitting $577.53. 206,013 shares of the company's stock were exchanged, compared to its average volume of 240,785. The company has a market capitalization of $24.89 billion, a PE ratio of 95.30, a PEG ratio of 4.93 and a beta of 0.80. 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 12-month low of $397.80 and a 12-month high of $661.31. The business's 50 day simple moving average is $599.38 and its 200-day simple moving average is $597.96.

Tyler Technologies (NYSE:TYL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, equities research analysts anticipate that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

About Tyler Technologies

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.