Livforsakringsbolaget Skandia Omsesidigt Takes Position in Tyler Technologies, Inc. (NYSE:TYL)

Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of Tyler Technologies, Inc. (NYSE:TYL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 275 shares of the technology company’s stock, valued at approximately $159,000.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in Tyler Technologies by 252,047.5% during the third quarter. International Assets Investment Management LLC now owns 307,620 shares of the technology company’s stock worth $179,564,000 after buying an additional 307,498 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Tyler Technologies by 148.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 461,469 shares of the technology company’s stock valued at $269,369,000 after acquiring an additional 275,511 shares during the last quarter. Seilern Investment Management Ltd purchased a new stake in shares of Tyler Technologies in the fourth quarter valued at about $105,549,000. FMR LLC raised its stake in Tyler Technologies by 94.1% during the third quarter. FMR LLC now owns 109,319 shares of the technology company’s stock worth $63,812,000 after purchasing an additional 52,984 shares during the period. Finally, Westwind Capital boosted its holdings in Tyler Technologies by 7,614.0% in the 3rd quarter. Westwind Capital now owns 46,361 shares of the technology company’s stock valued at $27,062,000 after purchasing an additional 45,760 shares during the last quarter. Hedge funds and other institutional investors own 93.30% of the company’s stock.

Wall Street Analyst Weigh In

TYL has been the subject of a number of recent analyst reports. Oppenheimer raised their price target on shares of Tyler Technologies from $625.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Truist Financial restated a “buy” rating and issued a $685.00 target price (up previously from $600.00) on shares of Tyler Technologies in a research report on Friday, October 25th. JMP Securities increased their price target on Tyler Technologies from $580.00 to $700.00 and gave the stock a “market outperform” rating in a report on Friday, October 25th. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $615.00 target price (down previously from $670.00) on shares of Tyler Technologies in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Tyler Technologies presently has an average rating of “Moderate Buy” and an average price target of $645.69.

Tyler Technologies Stock Down 1.6 %

Shares of NYSE TYL opened at $606.07 on Friday. Tyler Technologies, Inc. has a 12-month low of $397.80 and a 12-month high of $638.56. The stock has a market cap of $25.94 billion, a P/E ratio of 110.60, a PEG ratio of 4.67 and a beta of 0.78. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18. The business’s fifty day simple moving average is $596.94 and its 200-day simple moving average is $591.20.

Insider Buying and Selling at Tyler Technologies

In related news, insider John S. Marr, Jr. sold 12,000 shares of the firm’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 sale, the insider now owns 6,983 shares of the company’s stock, valued at $4,285,187.78. This trade represents a 63.21 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian K. Miller sold 6,752 shares of Tyler Technologies stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $613.75, for a total transaction of $4,144,040.00. Following the completion of the transaction, the chief financial officer now owns 11,918 shares of the company’s stock, valued at $7,314,672.50. This represents a 36.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,502 shares of company stock valued at $18,941,368 in the last quarter. Corporate insiders own 1.50% of the company’s stock.

Tyler Technologies 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.