Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

by · The Cerbat Gem

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Tyler Technologies, Inc. (NYSE:TYL – Free Report) by 2.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,776 shares of the technology company’s stock after purchasing an additional 87 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Tyler Technologies were worth $1,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in shares of Tyler Technologies by 13.1% during the 1st quarter. American Century Companies Inc. now owns 1,328 shares of the technology company’s stock worth $591,000 after acquiring an additional 154 shares during the period. Panagora Asset Management Inc. increased its position in Tyler Technologies by 69.1% during the first quarter. Panagora Asset Management Inc. now owns 2,431 shares of the technology company’s stock worth $1,082,000 after purchasing an additional 993 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Tyler Technologies by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,483 shares of the technology company’s stock worth $2,439,000 after purchasing an additional 340 shares during the period. Raymond James Trust N.A. boosted its holdings in Tyler Technologies by 4.3% in the 1st quarter. Raymond James Trust N.A. now owns 1,047 shares of the technology company’s stock valued at $466,000 after purchasing an additional 43 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Tyler Technologies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 118,419 shares of the technology company’s stock valued at $52,683,000 after purchasing an additional 934 shares during the last quarter. Institutional investors and hedge funds own 91.28% of the company’s stock.

Insider Activity

In other Tyler Technologies news, Director Glenn A. Carter sold 500 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $422.29, for a total transaction of $211,145.00. Following the transaction, the director now owns 2,011 shares of the company’s stock, valued at $849,225.19. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Dustin R. Womble sold 1,231 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $408.66, for a total transaction of $503,060.46. Following the completion of the sale, the director now owns 12,805 shares in the company, valued at approximately $5,232,891.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Glenn A. Carter sold 500 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $422.29, for a total transaction of $211,145.00. Following the transaction, the director now directly owns 2,011 shares in the company, valued at $849,225.19. The disclosure for this sale can be found here. In the last three months, insiders sold 35,112 shares of company stock valued at $14,621,334. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TYL has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of Tyler Technologies from $465.00 to $480.00 and gave the company an “overweight” rating in a research report on Friday, November 3rd. Oppenheimer lifted their target price on Tyler Technologies from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $475.00 price target on shares of Tyler Technologies in a report on Monday, November 20th. Truist Financial boosted their price objective on shares of Tyler Technologies from $475.00 to $510.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, StockNews.com assumed coverage on shares of Tyler Technologies in a research note on Thursday, October 5th. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $442.43.

Read Our Latest Stock Analysis on TYL

Tyler Technologies Stock Down 0.5 %

Shares of TYL opened at $410.87 on Wednesday. The company’s 50-day simple moving average is $395.35 and its 200-day simple moving average is $394.61. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.93 and a current ratio of 0.93. Tyler Technologies, Inc. has a 1 year low of $301.69 and a 1 year high of $426.83. The stock has a market capitalization of $17.31 billion, a PE ratio of 110.75, a P/E/G ratio of 4.79 and a beta of 0.79.

Tyler Technologies (NYSE:TYL – Get Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The technology company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates of $1.47 by $0.19. Tyler Technologies had a net margin of 8.22% and a return on equity of 8.86%. The firm had revenue of $494.68 million during the quarter, compared to analysts’ expectations of $495.47 million. Analysts forecast that Tyler Technologies, Inc. will post 5.76 earnings per share for the current fiscal year.

Tyler Technologies Profile

(Free Report)

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 financial management solutions, including modular fund accounting systems for government agencies or not-for-profit entities; utility billing systems for the billing and collection of metered and non-metered services; products to automate city and county functions, such as municipal courts, parking tickets, equipment and project costing, animal and business licenses, permits and inspections, code enforcement, citizen complaint tracking, ambulance billing, fleet maintenance, and cemetery records management; student information and transportation solutions for K-12 schools; and financial management systems.

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