Tyler Technologies, Inc. (NYSE:TYL) Shares Bought by Industrial Alliance Investment Management Inc.

Industrial Alliance Investment Management Inc. increased its holdings in Tyler Technologies, Inc. (NYSE:TYL) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 693 shares of the technology company’s stock after purchasing an additional 29 shares during the period. Industrial Alliance Investment Management Inc.’s holdings in Tyler Technologies were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Centered Wealth LLC dba Miller Equity Capital Advisors lifted its stake in shares of Tyler Technologies by 0.8% during the fourth quarter. Centered Wealth LLC dba Miller Equity Capital Advisors now owns 3,920 shares of the technology company’s stock worth $1,639,000 after purchasing an additional 30 shares in the last quarter. GW&K Investment Management LLC lifted its stake in shares of Tyler Technologies by 0.3% in the fourth quarter. GW&K Investment Management LLC now owns 12,044 shares of the technology company’s stock worth $5,035,000 after acquiring an additional 31 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Tyler Technologies by 5.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 670 shares of the technology company’s stock worth $280,000 after acquiring an additional 33 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Tyler Technologies by 3.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,044 shares of the technology company’s stock worth $444,000 after acquiring an additional 33 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Tyler Technologies by 0.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 10,965 shares of the technology company’s stock worth $4,585,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Insider Activity

In other news, Director Daniel M. Pope sold 275 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $578.26, for a total value of $159,021.50. Following the transaction, the director now directly owns 3,218 shares of the company’s stock, valued at $1,860,840.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Tyler Technologies news, Director Daniel M. Pope sold 275 shares of the stock in a transaction on Monday, July 29th. The shares were sold at an average price of $578.26, for a total transaction of $159,021.50. Following the transaction, the director now directly owns 3,218 shares of the company’s stock, valued at $1,860,840.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $483.21, for a total transaction of $2,899,260.00. Following the transaction, the insider now directly owns 6,983 shares in the company, valued at $3,374,255.43. The disclosure for this sale can be found here. Insiders sold 21,516 shares of company stock worth $10,360,762 over the last quarter. Corporate insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TYL shares. Wells Fargo & Company boosted their price target on Tyler Technologies from $580.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Loop Capital upped their price objective on Tyler Technologies from $485.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. DA Davidson upped their price objective on Tyler Technologies from $456.00 to $525.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Evercore ISI upgraded Tyler Technologies to a “hold” rating in a research note on Friday, July 26th. Finally, Piper Sandler upped their price objective on Tyler Technologies from $529.00 to $625.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $582.31.

Tyler Technologies Stock Performance

TYL stock traded down $6.66 on Wednesday, reaching $567.89. The company’s stock had a trading volume of 142,778 shares, compared to its average volume of 225,790. Tyler Technologies, Inc. has a 52 week low of $361.16 and a 52 week high of $593.50. The company has a market capitalization of $24.11 billion, a P/E ratio of 128.64, a price-to-earnings-growth ratio of 5.37 and a beta of 0.76. The firm has a fifty day moving average of $502.61 and a two-hundred day moving average of $459.44. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.06 and a quick ratio of 0.94.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.06. The business had revenue of $540.98 million during the quarter, compared to analyst estimates of $541.01 million. Tyler Technologies had a return on equity of 9.66% and a net margin of 10.24%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.53 EPS. As a group, analysts predict that Tyler Technologies, Inc. will post 7.16 EPS for the current fiscal 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.