Tyler Technologies, Inc. (NYSE:TYL) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its position in shares of Tyler Technologies, Inc. (NYSE:TYL) by 15.9% in the fourth quarter, according to the company in 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 purchasing an additional 3,012 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of Tyler Technologies worth $12,645,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its holdings in Tyler Technologies by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock valued at $2,115,000 after purchasing an additional 20 shares in the last quarter. Kensington Investment Counsel LLC grew its holdings in Tyler Technologies by 0.8% during the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company’s stock worth $1,439,000 after acquiring an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Tyler Technologies by 18.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock worth $78,000 after acquiring an additional 21 shares in the last quarter. Baron Wealth Management LLC grew its holdings in Tyler Technologies by 1.5% during the 4th quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after acquiring an additional 22 shares in the last quarter. Finally, Choreo LLC grew its holdings in Tyler Technologies by 3.9% during the 4th quarter. Choreo LLC now owns 647 shares of the technology company’s stock worth $374,000 after acquiring an additional 24 shares in the last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Tyler Technologies

In related news, CEO H Lynn Moore, Jr. sold 6,514 shares of Tyler Technologies stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $617.59, for a total value of $4,022,981.26. Following the sale, the chief executive officer now directly owns 75,734 shares in the company, valued at $46,772,561.06. This trade represents a 7.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total transaction of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. This represents a 9.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,064 shares of company stock worth $8,688,030 in the last ninety days. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. The Goldman Sachs Group raised their price objective on shares of Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Barclays raised their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Piper Sandler raised their price objective on shares of Tyler Technologies from $701.00 to $747.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, DA Davidson reissued a “neutral” rating and set a $575.00 price objective on shares of Tyler Technologies in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $676.25.

Tyler Technologies Trading Down 0.4 %

NYSE TYL opened at $566.56 on Friday. The firm has a market capitalization of $24.42 billion, a PE ratio of 93.49, a price-to-earnings-growth ratio of 4.93 and a beta of 0.80. The company has a 50-day simple moving average of $598.88 and a 200-day simple moving average of $597.94. Tyler Technologies, Inc. has a one year low of $397.80 and a one year high of $661.31. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.21 and a current ratio of 1.35.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data 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 net margin of 12.30% and a return on equity of 10.15%. On average, equities analysts forecast that Tyler Technologies, Inc. will post 8.52 earnings per share for the current year.

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.