AIA Group Ltd Buys 165 Shares of Tyler Technologies, Inc. (NYSE:TYL)

AIA Group Ltd lifted its position in shares of Tyler Technologies, Inc. (NYSE:TYLGet Rating) by 66.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 412 shares of the technology company’s stock after acquiring an additional 165 shares during the period. AIA Group Ltd’s holdings in Tyler Technologies were worth $183,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. CIBC Asset Management Inc lifted its stake in Tyler Technologies by 1.0% during the first quarter. CIBC Asset Management Inc now owns 3,854 shares of the technology company’s stock worth $1,715,000 after purchasing an additional 37 shares during the last quarter. KBC Group NV raised its holdings in shares of Tyler Technologies by 2.2% during the 1st quarter. KBC Group NV now owns 6,435 shares of the technology company’s stock worth $2,863,000 after buying an additional 138 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Tyler Technologies by 19.2% during the 1st quarter. IFM Investors Pty Ltd now owns 6,287 shares of the technology company’s stock worth $2,797,000 after buying an additional 1,014 shares during the last quarter. National Bank of Canada FI boosted its stake in Tyler Technologies by 110.9% in the first quarter. National Bank of Canada FI now owns 3,728 shares of the technology company’s stock valued at $1,522,000 after buying an additional 1,960 shares in the last quarter. Finally, AMF Tjanstepension AB boosted its stake in Tyler Technologies by 4.3% in the first quarter. AMF Tjanstepension AB now owns 8,330 shares of the technology company’s stock valued at $3,706,000 after buying an additional 340 shares in the last quarter. Institutional investors and hedge funds own 90.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on TYL shares. Piper Sandler boosted their target price on Tyler Technologies from $405.00 to $468.00 and gave the stock an “overweight” rating in a research note on Friday, July 29th. TheStreet downgraded shares of Tyler Technologies from a “b-” rating to a “c+” rating in a research note on Wednesday, April 27th. Truist Financial cut their target price on shares of Tyler Technologies from $550.00 to $500.00 and set a “buy” rating on the stock in a research report on Tuesday, July 5th. Barclays lowered their price target on shares of Tyler Technologies from $445.00 to $370.00 and set an “equal weight” rating for the company in a report on Tuesday, July 12th. Finally, Loop Capital assumed coverage on Tyler Technologies in a research report on Monday, April 18th. They set a “buy” rating and a $520.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $480.08.

Insider Activity

In related news, Chairman John S. Marr, Jr. sold 6,000 shares of Tyler Technologies stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $363.75, for a total transaction of $2,182,500.00. Following the completion of the transaction, the chairman now owns 57,638 shares of the company’s stock, valued at $20,965,822.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Brian K. Miller sold 2,500 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $358.97, for a total value of $897,425.00. Following the transaction, the chief financial officer now directly owns 28,594 shares of the company’s stock, valued at approximately $10,264,388.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John S. Marr, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $363.75, for a total value of $2,182,500.00. Following the sale, the chairman now directly owns 57,638 shares of the company’s stock, valued at approximately $20,965,822.50. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Tyler Technologies Trading Up 0.9 %

NYSE TYL opened at $418.92 on Friday. The firm has a market capitalization of $17.42 billion, a PE ratio of 99.51 and a beta of 0.90. The business’s 50-day moving average price is $350.08 and its two-hundred day moving average price is $392.46. The company has a current ratio of 1.15, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. Tyler Technologies, Inc. has a 12 month low of $300.85 and a 12 month high of $557.55.

Tyler Technologies (NYSE:TYLGet Rating) last announced its earnings results on Wednesday, July 27th. The technology company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.83 by $0.05. The business had revenue of $468.70 million for the quarter, compared to analysts’ expectations of $458.50 million. Tyler Technologies had a return on equity of 10.26% and a net margin of 9.84%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.42 earnings per share. On average, analysts expect that Tyler Technologies, Inc. will post 5.53 EPS for the current year.

About Tyler Technologies

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Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. The company operates in three segments: Enterprise Software; Appraisal and Tax; and NIC. It 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; and student information and transportation solutions for K-12 schools.

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Institutional Ownership by Quarter for Tyler Technologies (NYSE:TYL)

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