BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 1,013 Shares of Tyler Technologies, Inc. (NYSE:TYL)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its position in Tyler Technologies, Inc. (NYSE:TYL) by 12.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,083 shares of the technology company’s stock after selling 1,013 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Tyler Technologies were worth $4,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Independence Bank of Kentucky bought a new position in shares of Tyler Technologies in the second quarter worth about $25,000. Ashton Thomas Securities LLC bought a new position in Tyler Technologies in the 3rd quarter worth approximately $27,000. Blue Trust Inc. lifted its holdings in shares of Tyler Technologies by 329.4% during the second quarter. Blue Trust Inc. now owns 73 shares of the technology company’s stock worth $37,000 after buying an additional 56 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Tyler Technologies in the second quarter valued at approximately $61,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Tyler Technologies by 51.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 124 shares of the technology company’s stock worth $62,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Tyler Technologies Trading Down 0.5 %

Shares of TYL stock opened at $622.62 on Wednesday. The company has a market capitalization of $26.65 billion, a P/E ratio of 113.62, a P/E/G ratio of 5.66 and a beta of 0.76. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $637.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $601.74 and a 200 day moving average price of $559.18.

Tyler Technologies (NYSE:TYL) last announced its earnings results on Wednesday, October 23rd. The technology company reported $2.52 EPS for the quarter, topping the consensus estimate of $2.43 by $0.09. Tyler Technologies had a return on equity of 9.79% and a net margin of 11.39%. The business had revenue of $543.34 million for the quarter, compared to the consensus estimate of $547.34 million. During the same period in the previous year, the business earned $1.66 EPS. Tyler Technologies’s revenue was up 9.8% compared to the same quarter last year. Research analysts forecast that Tyler Technologies, Inc. will post 7.36 earnings per share for the current fiscal year.

Insider Activity at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $613.66, for a total value of $7,363,920.00. Following the completion of the transaction, the insider now owns 6,983 shares in the company, valued at $4,285,187.78. The trade was a 63.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO H Lynn Moore, Jr. sold 3,250 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $631.41, for a total value of $2,052,082.50. Following the transaction, the chief executive officer now directly owns 75,000 shares in the company, valued at approximately $47,355,750. This represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,350 shares of company stock valued at $24,361,172 over the last ninety days. 1.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TYL shares. Robert W. Baird increased their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Needham & Company LLC lifted their target price on Tyler Technologies from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. JMP Securities upped their price target on Tyler Technologies from $580.00 to $700.00 and gave the company a “market outperform” rating in a report on Friday, October 25th. The Goldman Sachs Group reissued a “buy” rating and set a $627.00 price objective on shares of Tyler Technologies in a report on Friday, September 13th. Finally, Barclays upped their target price on Tyler Technologies from $700.00 to $705.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $642.62.

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.