Great West Life Assurance Co. Can increased its stake in shares of Tyler Technologies, Inc. (NYSE:TYL) by 17.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,437 shares of the technology company’s stock after purchasing an additional 4,301 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Tyler Technologies worth $4,972,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $33,000. Cutler Group LP acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $37,000. Meeder Asset Management Inc. acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $79,000. Ffcm LLC acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $138,000. Finally, Norway Savings Bank acquired a new stake in shares of Tyler Technologies during the fourth quarter worth $159,000. 88.29% of the stock is owned by institutional investors and hedge funds.
NYSE:TYL opened at $202.39 on Friday. Tyler Technologies, Inc. has a 1 year low of $173.26 and a 1 year high of $252.47. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 54.11, a price-to-earnings-growth ratio of 4.83 and a beta of 0.92.
Tyler Technologies (NYSE:TYL) last posted its earnings results on Wednesday, February 20th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.29. Tyler Technologies had a return on equity of 11.28% and a net margin of 15.74%. The firm had revenue of $242.00 million during the quarter, compared to analysts’ expectations of $244.65 million. During the same period in the previous year, the firm earned $1.07 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. Equities research analysts predict that Tyler Technologies, Inc. will post 4.17 EPS for the current year.
A number of research firms have issued reports on TYL. TheStreet raised Tyler Technologies from a “c+” rating to a “b-” rating in a research note on Friday, February 15th. ValuEngine raised Tyler Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. DA Davidson cut Tyler Technologies from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Friday, February 22nd. KeyCorp reissued a “hold” rating on shares of Tyler Technologies in a research note on Thursday, February 21st. Finally, Northland Securities reissued a “buy” rating and issued a $240.00 target price on shares of Tyler Technologies in a research note on Friday, February 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $238.56.
In other news, insider John S. Marr, Jr. sold 30,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $200.84, for a total transaction of $6,025,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Dustin R. Womble sold 3,676 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $206.87, for a total value of $760,454.12. Following the transaction, the director now directly owns 181,798 shares of the company’s stock, valued at $37,608,552.26. The disclosure for this sale can be found here. Insiders have sold 43,676 shares of company stock valued at $8,798,254 over the last ninety days. 4.70% of the stock is owned by insiders.
Tyler Technologies Company Profile
Tyler Technologies, Inc provides integrated information management solutions and services for the public sector in the United States and internationally. It operates through two segments, Enterprise Software, and Appraisal and Tax. The company's financial management solutions include modular fund accounting systems for government agencies or not-for-profit entities; and utility billing systems for the billing and collection of metered and non-metered services.
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